Orion (NYSE: ORN) EVP Chipman has 2,884 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Orion Group Holdings Inc executive vice president and general counsel Edward Earle Chipman reported a routine tax-related share withholding tied to equity compensation. On this Form 4, the issuer withheld 2,884 shares of common stock at $11.24 per share to cover tax obligations when 11,842 restricted shares vested. Chipman retained 8,958 shares from this award, and his directly held position after the transaction is 145,042 shares of Orion Group Holdings common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Earle Edward Chipman
Role
EVP & GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,884 | $11.24 | $32K |
Holdings After Transaction:
Common Stock — 145,042 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 2,884 shares
Withholding price per share: $11.24 per share
Restricted shares vested: 11,842 shares
+2 more
5 metrics
Shares withheld for taxes
2,884 shares
Withheld to satisfy tax withholding obligations on vesting
Withholding price per share
$11.24 per share
Value used for 2,884 withheld shares
Restricted shares vested
11,842 shares
Restricted shares granted March 20, 2025 that vested
Shares retained from award
8,958 shares
Net shares Chipman kept from the vesting award
Shares held after transaction
145,042 shares
Direct Orion common stock holdings following transaction
Key Terms
restricted shares, tax withholding obligations, tax-withholding disposition, Form 4
4 terms
tax withholding obligations financial
"The Issuer withheld 2,884 shares to satisfy tax withholding obligations in connection with the vesting"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Orion Group Holdings (ORN) report for Edward Earle Chipman?
Orion Group Holdings reported that EVP and General Counsel Edward Earle Chipman had 2,884 shares withheld to cover taxes on vesting restricted stock. This was a tax-withholding disposition, not an open-market sale, and arose from an equity compensation award.
Was the Orion Group Holdings (ORN) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. The 2,884 shares were withheld by Orion Group Holdings to satisfy tax withholding obligations in connection with restricted stock vesting, a routine administrative event rather than a discretionary sale.