Orion Properties (ONL) awards 99,372 restricted stock units to company officer

Rhea-AI Filing Summary

Day Christopher Haviland reported acquisition or exercise transactions in this Form 4 filing.

Orion Properties Inc. disclosed that officer Christopher Haviland Day received an equity grant of 99,372 shares of Common Stock on March 12, 2026. The award consists of restricted stock units granted at $0.00 per share as part of the company’s equity plan.

The RSUs vest in three equal installments on each of the first, second, and third anniversaries of March 4, 2026, contingent on his continued service with Orion. Following this grant, his direct holdings increased to 269,198.587 shares of Common Stock, reflecting routine, compensation-related equity rather than an open-market purchase.

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

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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^*

Day Christopher Haviland

(Last) (First) (Middle)

C/O ORION PROPERTIES INC.

3200 E. CAMELBACK ROAD, SUITE 100

(Street)

PHOENIX AZ 85018

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Orion Properties Inc. [ ONL ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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

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

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

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 Stock	03/12/2026		A		99,372(1)	A	$0	269,198.587	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. Reflects restricted stock units awarded March 12, 2026, to the Reporting Person pursuant to the Issuer's Equity Plan. Such restricted stock units vest ratably on each of the first, second and third anniversaries of March 4, 2026, subject to the Reporting Person's continued service with the Issuer through such applicable vesting date.

Remarks:

Executive Vice President, Chief Operating Officer

	/s/ Paul C. Hughes, by power of attorney	03/16/2026
	** 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.

FAQ

What did Orion Properties Inc. (ONL) report in this Form 4 filing?

Orion Properties reported an equity grant to officer Christopher Haviland Day. He received 99,372 restricted stock units of Common Stock at $0.00 per share, under the company’s equity plan, as part of his compensation rather than through an open-market purchase.

How many Orion Properties (ONL) shares were granted to Christopher Haviland Day?

Christopher Haviland Day was granted 99,372 restricted stock units of Orion Properties Common Stock. These units represent a compensation award under the company’s equity plan, with no cash paid per share at grant based on the Form 4 disclosure.

What is the vesting schedule for the ONL restricted stock units granted?

The 99,372 restricted stock units vest ratably over three years. They vest in equal installments on the first, second, and third anniversaries of March 4, 2026, provided Christopher Haviland Day continues serving Orion Properties through each applicable vesting date.

Is the Orion Properties (ONL) Form 4 transaction an open-market purchase or sale?

The Form 4 transaction is not an open-market purchase or sale. It reflects a grant of restricted stock units at $0.00 per share, awarded as compensation under Orion Properties’ equity plan rather than a voluntary market trade by the reporting officer.

What are Christopher Haviland Day’s Orion Properties (ONL) holdings after this grant?

After the restricted stock unit grant, Christopher Haviland Day directly holds 269,198.587 shares of Orion Properties Common Stock. This updated total, reported in the Form 4, includes the newly awarded RSUs subject to their time-based vesting conditions.