Hughes Paul C 4
4 · Orion Properties Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Orion Properties (ONL) GC Paul C. Hughes Sells 2,679 Shares
What Happened
Paul C. Hughes, General Counsel & Secretary of Orion Properties (ONL), had 2,679 shares of ONL common stock disposed on March 7, 2026 to satisfy a tax withholding obligation. The shares were valued at $2.45 each for a total of $6,564. This was a tax-withholding disposition tied to restricted stock units that vested, not an open-market sale for investment purposes.
Key Details
- Transaction date: March 7, 2026; Filing date: March 10, 2026. No late-filing indication in the report.
- Transaction type/code: F — payment of tax liability via share withholding (disposition).
- Shares disposed: 2,679 at $2.45 per share; total value reported $6,564.
- Footnote F1: Withholding reflects the applicable rate applied to 6,622 vested RSU shares.
- Footnote F2: Valuation used the NYSE closing price on March 6, 2026.
- Shares owned after the transaction: Not disclosed in the provided filing excerpt.
Context
This was a routine tax-withholding event following RSU vesting (the company withheld shares to cover taxes). Such withholdings are common and generally viewed as administrative rather than a signal about the insider’s view of the stock.
Insider Transaction Report
Form 4
Hughes Paul C
General Counsel & Secretary
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-03-07$2.45/sh−2,679$6,564→ 119,343 total
Footnotes (2)
- [F1]Reflects the product of the applicable withholding rate and the 6,622 shares of common stock that vested pursuant to the terms of the Reporting Person's restricted stock unit award agreement.
- [F2]Reflects the closing sale price of the Issuer's Common Stock as reported on the New York Stock Exchange on March 6, 2026.
Signature
/s/ Paul C. Hughes|2026-03-10