ALLEN KATHLEEN 4

What Happened Kathleen Allen, a director of Orion Properties Inc. (ONL), received an award of 34,483 restricted stock units (RSUs) on May 13, 2026. The grant is reported as an acquisition at $0.00 per share (standard for RSU awards; no cash paid). This is an equity award (A code) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-13; Form 4 filed 2026-05-15 (appears timely, two days after the transaction).
• Shares/units granted: 34,483 RSUs; price reported: $0.00 (no cash paid at grant).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes:
  • F1: RSUs vest in full on the earlier of (i) one year after grant or (ii) the next annual stockholders’ meeting, subject to continued service.
  • F2: Reporting person is co-trustee of a trust that benefits the reporting person’s children (indicates some holdings/transactions may involve a trust).
• Transaction type: Award/Grant (code A).

Context RSU grants are compensation awards that convert to shares if and when they vest; they do not indicate an immediate market purchase or sale. The reported acquisition at $0 reflects the grant itself—realized value will depend on the stock price at vesting and any applicable tax withholding or transfer mechanics.