Orion Group CEO granted 2,000 ESPP shares
Orion Group Holdings President and CEO Travis J. Boone acquired 2,000 shares of common stock through a grant under the company’s Employee Stock Purchase Plan.
Rhea-AI Filing Summary
Orion Group Holdings President and CEO Travis J. Boone acquired 2,000 shares of common stock through a grant under the company’s Employee Stock Purchase Plan. The shares were acquired at a price of $6.8085 per share in a transaction exempt under Rule 16b-3(c).
After this award, Boone directly holds a total of 734,396 shares of Orion Group Holdings common stock, reflecting a routine, compensation-related increase in his equity stake rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,000 shares
Grant/Award
1 txn
Insider
Boone Travis J
Role
PRESIDENT & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,000 | $6.8085 | $14K |
Holdings After Transaction:
Common Stock — 734,396 shares (Direct)
Footnotes (1)
- F1. These shares were acquired under the Orion Group Holdings, Inc. Employee Stock Purchase Plan in transactions that were exempt under Rule 16b-3(c).
FAQ
What did Orion Group Holdings (ORN) CEO Travis J. Boone report in this Form 4 filing?
Travis J. Boone reported receiving 2,000 shares of Orion Group Holdings common stock. The shares were granted under the company’s Employee Stock Purchase Plan as a compensation-related acquisition, rather than an open-market trade, and are exempt under Rule 16b-3(c).
What is the significance of Rule 16b-3(c) in the Orion Group Holdings (ORN) Form 4?
Rule 16b-3(c) allows certain insider transactions, such as grants under employee plans, to be exempt from short-swing profit rules. In this case, the CEO’s 2,000-share acquisition under the Employee Stock Purchase Plan qualifies as an exempt, compensation-related transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.