Schmidt Revea Lynn 4

What Happened Lynn Schmidt, Senior Vice President and Chief Accounting Officer of Orion Properties (ONL), had 6,622 restricted stock units vest and 2,096 shares were disposed to cover tax withholding. The withheld shares were valued at $2.45 each (NYSE close on Mar 6, 2026), totaling approximately $5,135. The remaining net shares delivered to Schmidt after withholding were 4,526 (6,622 vested minus 2,096 withheld). This was a tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date: March 7, 2026
• Transaction type/code: Tax withholding on vested RSUs (code F)
• Withheld/disposed: 2,096 shares at $2.45 each = ~$5,135
• Vested RSUs: 6,622 shares (per footnote)
• Net shares issued to insider: 4,526 shares (6,622 − 2,096)
• Price reference: $2.45 = NYSE closing price on March 6, 2026 (footnote)
• Shares owned after transaction: not explicitly reported in the excerpt (net delivered = 4,526)
• Filing date / report period: Form filed March 10, 2026 for transaction on March 7, 2026

Context This filing reflects routine tax withholding when restricted stock units vest — the company withholds (or sells) a portion of the vested shares to satisfy tax obligations. Such withholding transactions are administrative and do not necessarily indicate insider buying or selling sentiment about the company.