Orion S.A. (OEC) awards director 19,150 restricted shares

Rhea-AI Filing Summary

PAIK YI HYON reported acquisition or exercise transactions in this Form 4 filing.

Orion S.A. director Paik Yi Hyon received a grant of 19,150 restricted common shares on June 26, 2026. The grant was made at a price of $0.00 per share as an award, not an open-market purchase.

These restricted shares will vest on the day before Orion S.A.'s 2027 Annual General Meeting of Shareholders. Following this grant, Paik Yi Hyon directly owns 65,039 common shares of Orion S.A., according to the filing.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider PAIK YI HYON

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common shares, no par value	19,150	$0.00	--

Holdings After Transaction: Common shares, no par value — 65,039 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted shares granted: 19,150 shares Grant price per share: $0.00 per share Shares owned after grant: 65,039 shares +1 more

4 metrics

Restricted shares granted 19,150 shares Equity award on June 26, 2026

Grant price per share $0.00 per share Restricted share award terms

Shares owned after grant 65,039 shares Total direct holdings following transaction

Vesting timing Day prior to 2027 AGM Restricted shares vesting schedule

Key Terms

restricted shares, Annual General Meeting of Shareholders, grant/award acquisition, Form 4

4 terms

restricted shares financial

"Represents 19,150 restricted shares granted to the reporting person"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

Annual General Meeting of Shareholders regulatory

"These restricted shares vest on the day prior to the Issuer's 2027 Annual General Meeting of Shareholders"

grant/award acquisition financial

"transaction_action: grant/award acquisition"

Form 4 regulatory

"The filing’s derivative section is empty, indicating no derivative securities are reported in this 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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 05:35 PM Accepted by SEC EDGAR 06/30/2026 - 05:35 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

PAIK YI HYON

(Last) (First) (Middle)

C/O ORION S.A.

1700 CITY PLAZA DRIVE, SUITE 300

(Street)

SPRING TEXAS 77389

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Orion S.A. [ OEC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common shares, no par value	06/26/2026		A		19,150	A	$0(1)	65,039	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents 19,150 restricted shares granted to the reporting person on June 26, 2026. These restricted shares vest on the day prior to the Issuer's 2027 Annual General Meeting of Shareholders.

	/s/ Yi Hyon Paik	06/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Orion S.A. (OEC) report for Paik Yi Hyon?

Orion S.A. reported that director Paik Yi Hyon received a grant of 19,150 restricted common shares on June 26, 2026. This was a share award, not an open-market purchase, and was recorded at a price of $0.00 per share.

How many Orion S.A. (OEC) shares does Paik Yi Hyon hold after this grant?

After the June 26, 2026 grant, Paik Yi Hyon directly holds 65,039 Orion S.A. common shares. This total includes the 19,150 restricted shares awarded in the reported transaction, as disclosed in the Form 4 filing.

When do the 19,150 restricted Orion S.A. (OEC) shares vest?

The 19,150 restricted Orion S.A. shares granted to Paik Yi Hyon vest on the day prior to the company’s 2027 Annual General Meeting of Shareholders, tying the vesting schedule to the timing of that corporate governance event.

Was cash paid for the Orion S.A. (OEC) restricted share grant?

No cash was paid for this grant; the 19,150 restricted common shares were awarded at a price of $0.00 per share. This indicates a compensation-related equity award rather than an open-market stock purchase by the director.

Is the Orion S.A. (OEC) Form 4 transaction a buy or a grant?

The Form 4 shows a grant of restricted shares, coded as a grant, award, or other acquisition. It reflects compensation in equity form, not an open-market share purchase or sale, and therefore is categorized as an acquisition by grant.

Does the Orion S.A. (OEC) filing mention any derivative securities for Paik Yi Hyon?

The filing’s derivative section is empty, indicating no derivative securities such as options or warrants are reported for Paik Yi Hyon in this Form 4. Only the non-derivative restricted share award is disclosed in this particular filing.