Schmidt Revea Lynn 4
4 · Orion Properties Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Orion (ONL) Senior VP & CAO Revea Lynn Schmidt Receives Award
What Happened Revea Lynn Schmidt, Senior Vice President and Chief Accounting Officer of Orion Properties Inc. (ONL), was granted 62,762 restricted stock units (RSUs) on March 12, 2026. The award shows an acquisition price of $0.00 (typical for RSU grants) and will convert to shares only as the RSUs vest. This is a compensation award, not an open-market purchase or sale.
Key Details
- Transaction date: March 12, 2026; reported on Form 4 filed March 16, 2026 (timely filing).
- Award: 62,762 restricted stock units; reported acquisition price $0.00 (no cash paid).
- Vesting: RSUs vest ratably on each of the first, second and third anniversaries of March 4, 2026 (approximately one-third each year), subject to continued service.
- Shares owned after transaction: Not disclosed in this Form 4.
- Footnote: Award made under the issuer's Equity Plan; standard service-based vesting.
Context Restricted stock units are a common form of equity compensation for executives. They do not represent immediately tradable shares until they vest and are settled; therefore this award reflects compensation alignment rather than an active buy or sell signal. The filing appears timely (within the required reporting window for officers).
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-12+62,762→ 174,270 total
Footnotes (1)
- [F1]Reflects restricted stock units awarded March 12, 2026, to the Reporting Person pursuant to the Issuer's Equity Plan. Such restricted stock units vest ratably on each of the first, second and third anniversaries of March 4, 2026, subject to the Reporting Person's continued service with the Issuer through such applicable vesting date.