Orion Group (ORN) Director Robert Ledford Receives Restricted Shares

What Happened Robert Ledford, a director of Orion Group Holdings, received an award of 7,236 restricted common shares (transaction code A) on May 19, 2026. The filing shows no purchase price (N/A) and does not disclose a total dollar value — these were granted as restricted shares rather than bought on the open market.

Key Details

• Transaction date: 2026-05-19; Filing date (Accession): 2026-05-20 (appears timely).
• Price: N/A (restricted share award).
• Shares received: 7,236 restricted shares.
• Shares owned after transaction: not specified in this Form 4.
• Footnote: F1 — the restricted shares cliff vest on the date of the Company’s 2027 annual general meeting (expected May 2027), contingent on Ledford’s continued service through the vesting date.

Context Restricted-share awards are a common form of director compensation and do not represent an open-market purchase or sale. Because these shares cliff vest in 2027, Ledford cannot sell them until (and unless) they vest, so this transaction does not provide an immediate market signal.