AUSTIN J. SHANFELTER - 19 May 2022 Form 4 Insider Report for Orion Group Holdings Inc (ORN)

Role
Interim CEO & Interim CFO, Director
Signature
Peter R. Buchler, attorney-in-fact for Austin J Shanfelter, Interim CEO & Interim CFO
Issuer symbol
ORN
Transactions as of
19 May 2022
Transactions value $
$0
Form type
4
Filing time
23 May 2022, 18:02:28 UTC
Previous filing
10 Sep 2021
Next filing
28 Sep 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ORN Time Vested Restricted Stock Units Award $0 +179K $0.00 179K 19 May 2022 Common Stock 179K Direct F1
transaction ORN Time Vested Restricted Stock Units Award $0 +251K $0.00 251K 19 May 2022 Common Stock 251K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Time Vested Restricted Stock Units will cliff vest and will be settled, in the discretion of the Company's Compensation Committee, in cash and/or stock (on a one-for-one basis), provided Mr. Shanfelter fulfills his term as Interim Chief Executive Officer, which the registrant expects to occur prior to April 6, 2023.
F2 Time Vested Restricted Stock Units will cliff vest and will be settled, in the discretion of the Company's Compensation Committee, in cash and/or stock (on a one-for-one basis), provided Mr. Shanfelter fulfills his term as Executive Chairman, which the registrant expects to occur prior to April 6, 2023.