Brandon Gavin 4

What Happened
Brandon Gavin, Executive Vice President, Chief Financial Officer and Treasurer of Orion Properties Inc. (ONL), was granted 115,063 restricted stock units (RSUs) on March 12, 2026. The reported acquisition price is $0.00 (award). These RSUs are awards under the issuer’s equity plan rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-12; Filing date: 2026-03-16 (filed within the standard two-business-day Form 4 deadline).
• Transaction type/code: Award/Grant (A).
• Shares/units awarded: 115,063 RSUs; reported acquisition price $0.00.
• Vesting: RSUs vest ratably on each of the first, second and third anniversaries of March 4, 2026, subject to continued service (per footnote).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: Award granted pursuant to the issuer’s Equity Plan (see F1). No tax withholding, sale, or cashless exercise noted in the filing.

Context
RSU grants are a common form of executive compensation and vest over time contingent on continued employment; they are not the same as an open-market purchase or insider sale. This filing simply reports the grant of RSUs to the CFO and does not, by itself, indicate buying or selling sentiment.