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Orion Properties Inc.·4

Mar 10, 5:10 PM ET

Hughes Paul C 4

Research Summary

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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.