PAUL H. MCDOWELL - 15 Jan 2025 Form 4 Insider Report for Orion Office REIT Inc. (ONL)

Role
Chief Executive Officer, President, Director
Signature
/s/ Paul C. Hughes, by power of attorney
Issuer symbol
ONL
Transactions as of
15 Jan 2025
Net transactions value
-$26,568
Form type
4
Filing time
17 Jan 2025, 16:51:32 UTC
Previous filing
19 Nov 2024
Next filing
28 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ONL Common Stock Award $0 +15,989 +5.2% $0.000000 322,070 15 Jan 2025 Direct F1
transaction ONL Common Stock Tax liability $26,568 -6,709 -2.1% $3.96 315,361 15 Jan 2025 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquisition of shares of Issuer's common stock upon settlement of vested performance-based restricted stock unit awards ("PRSUs") under Issuer's equity plan. The amount was based on the Issuer's level of achievement of certain operational performance metrics for the performance period, which commenced on January 1, 2022 and ended on December 31, 2024. The payout amount was finalized on January 15, 2025.
F2 Reflects the product of the applicable withholding rate and the 15,989 shares of common stock that vested pursuant to the terms of the Reporting Person's PRSU award agreement.
F3 Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on January 15, 2025.

Remarks:

Chief Executive Officer, President