Day Christopher Haviland 4

What Happened

• Christopher Haviland, Executive Vice President and Chief Operating Officer of Orion Properties (ONL), received an award of 99,372 restricted stock units (RSUs) on March 12, 2026. The RSUs were granted at $0.00 (no cash outlay) and reflect a compensation award rather than a market purchase or sale.

Key Details

• Transaction date: 2026-03-12; reported on Form 4 filed 2026-03-16 (filed timely).
• Transaction type/code: A — Grant/Award of restricted stock units.
• Shares/units awarded: 99,372 RSUs; acquisition price shown as $0.00.
• Vesting: RSUs vest ratably on the first, second and third anniversaries of March 4, 2026, subject to continued service (per footnote).
• Shares owned after transaction: Not specified in this filing.
• Filing timeliness: Reported within the Form 4 two-business-day window (timely).

Context

• RSUs are compensation grants that convert to shares (or their cash equivalent) only if vesting conditions are met; they are not an immediate purchase or sale and do not by themselves indicate a buy/sell market signal.
• This is a standard executive equity award tied to ongoing service and likely part of Orion’s equity plan; no 10b5-1 plan, tax withholding, or cashless exercise is indicated in the filing.