Posted on August 23, 2021
DredgeWire exclusive
According to recent filings with the U.S. Securities and Exchange Commission (SEC), last week three top executives of Orion Marine received combined over 550,000 shares of Orion common stock.
According to the filing, these shares represent the number of shares earned under a performance award granted on May 21, 2020. One half of the shares vested on August 18, 2021, with the remaining half vesting in two equal installments on August 18, 2022 and August 18, 2023, subject to the Reporting Person’s continued employment through the applicable vesting date.
The three recipients were (showing both earned shares and current number of shares owned after sale of some shares to cover taxes):
Mark Stauffer, CEO. 335,739. 1024,513
Peter Buchler EVP & GC 111,913. 379,203
Robert Tabb. EVP & CFO 111,914. 242,106
Last Orion Marine shares closed at $5.31/share.
