Orion director gifts 154,486 ONL shares
Orion Properties Inc. director Kathleen Allen reported making bona fide gifts of a total of 154,486 shares of common stock on June 12, 2026.
Rhea-AI Filing Summary
Orion Properties Inc. director Kathleen Allen reported making bona fide gifts of a total of 154,486 shares of common stock on June 12, 2026. The transactions were recorded at $0.00 per share as non-cash transfers.
One gift of 77,243 shares is associated with a trust for which Allen is co-trustee and whose beneficiaries are her children, involving shares received upon vesting of restricted stock units. A separate 77,243-share gift affected her direct holdings. Following these transfers, she holds 114,413 shares indirectly through the trust and 34,483 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
154,486 shares gifted
Gift
2 txns
Insider
ALLEN KATHLEEN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 77,243 | $0.00 | $0.00 |
| Gift | Common Stock | 77,243 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 34,483 shares (Direct);
Common Stock — 114,413 shares (Indirect, By Trust)
Footnotes (2)
- F1. Reflects the transfer of shares, received upon the vesting of restricted stock units, for no consideration from the Reporting Person to a trust of which the Reporting Person is a co-trustee and the children of the Reporting Person are the sole beneficiaries
- F2. The Reporting Person is the co-trustee of a trust that benefits the children of the Reporting Person.
Key Figures
Total shares gifted: 154,486 shares
First gift tranche: 77,243 shares
Second gift tranche: 77,243 shares
+3 more
6 metrics
Total shares gifted
154,486 shares
Bona fide gifts on June 12, 2026
First gift tranche
77,243 shares
Non-derivative common stock, indirect ownership entry
Second gift tranche
77,243 shares
Non-derivative common stock, direct ownership entry
Price per gifted share
$0.00 per share
Bona fide gift, non-cash transfer
Indirect holdings after gifts
114,413 shares
Held through trust after June 12, 2026
Direct holdings after gifts
34,483 shares
Directly held after June 12, 2026
Key Terms
Bona fide gift, restricted stock units, co-trustee, indirect, +1 more
5 terms
Bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
restricted stock units financial
"shares, received upon the vesting of restricted stock units, for no consideration"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
co-trustee financial
"to a trust of which the Reporting Person is a co-trustee and the children"
indirect financial
"ownership_type: "indirect" with nature_of_ownership: "By Trust""
trust financial
"transfer of shares ... from the Reporting Person to a trust of which the Reporting Person is a co-trustee"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Orion Properties (ONL) director Kathleen Allen report in this Form 4?
Kathleen Allen reported bona fide gifts of 154,486 Orion Properties common shares on June 12, 2026. The transactions were non-cash transfers at $0.00 per share, reallocating ownership between her direct holdings and a family trust.
What are Kathleen Allen’s Orion Properties (ONL) holdings after the gifts?
After the gifts, Allen holds 114,413 Orion Properties shares indirectly through a trust and 34,483 shares directly. These figures reflect her remaining ownership positions as reported following the June 12, 2026 transactions.
Were Kathleen Allen’s Orion Properties (ONL) transactions open-market sales?
No, the transactions were coded as “G” bona fide gifts, not open-market sales. They occurred at a stated price of $0.00 per share and represent ownership transfers rather than sales for cash proceeds.
What role does the trust play in Kathleen Allen’s Orion Properties (ONL) holdings?
A portion of the gifted shares was transferred to a trust where Allen is co-trustee and her children are sole beneficiaries. After these transfers, 114,413 Orion Properties shares are held indirectly through this trust structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
