Gavin Brandon - 15 Jan 2026 Form 4 Insider Report for Orion Properties Inc. (ONL)

Signature
/s/ Paul C. Hughes, by power of attorney
Issuer symbol
ONL
Transactions as of
15 Jan 2026
Net transactions value
-$10,145
Form type
4
Filing time
20 Jan 2026, 17:44:06 UTC
Previous filing
16 May 2025
Next filing
02 Mar 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Brandon Gavin Executive Vice President, Chief Financial Officer and Treasurer C/O ORION PROPERTIES INC., 2398 E. CAMELBACK ROAD, SUITE 1060, PHOENIX /s/ Paul C. Hughes, by power of attorney 20 Jan 2026 0001543793

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ONL Common Stock Award $0 +15,042 +6.3% $0.000000 254,902 15 Jan 2026 Direct F1
transaction ONL Common Stock Tax liability $10,145 -4,763 -1.9% $2.13 250,139 15 Jan 2026 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, 2023 and ended on December 31, 2025. The payout amount was finalized on January 15, 2026.
F2 Reflects the product of the applicable withholding rate and the 15,042 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, 2026.

Remarks:

Executive Vice President, Chief Financial Officer and Treasurer