Hughes Paul C 4
4 · Orion Properties Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Orion (ONL) General Counsel Paul C. Hughes Receives 73,222 RSUs
What Happened
Paul C. Hughes, General Counsel & Secretary of Orion Properties Inc. (ONL), was granted 73,222 restricted stock units (RSUs) on March 12, 2026. The grant is reported at $0.00 aggregate purchase price (a standard equity award), meaning no cash changed hands at grant. These RSUs are an award, not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-03-12; Form 4 filed 2026-03-16 (filed timely).
- Security: 73,222 Restricted Stock Units (transaction code A — award/acquisition). Reported price: $0.00.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: The RSUs vest ratably on each of the first, second and third anniversaries of March 4, 2026, subject to Hughes’ continued service with the company.
- No 10b5-1 plan, tax‑withholding, or sale noted in this filing.
Context
RSUs are a deferred equity award that convert to shares (or cash) only upon vesting; they do not represent immediate share sales or purchases and therefore are not a direct bullish or bearish market signal. This grant compensates management and aligns incentives over the next three years as the units vest.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-12+73,222→ 192,565 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.