secwatch.observer — SEC 8-K summary
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Issuer:     Orion Group Holdings Inc (ORN)
CIK:        0001402829
Form:       8-K
Filed at:   2026-10-15T20:37:19+00:00
Accession:  0001402829-26-000054
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4.1-flash:cloud@v2

Orion Group CFO Vasquez signs employment deal: $480K salary, 75% bonus target, 3x severance post-CIC
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- Alison G. Vasquez's employment agreement, effective Oct 12, 2026, sets base salary at $480,000/year and target annual bonus at 75% of salary under the NEO Bonus Plan.
- Long-term incentive target value ~$675,000/year, mix ~40% restricted shares and 60% performance share units; $1,250/month vehicle allowance plus $50/month phone stipend.
- Initial term runs through Dec 31, 2026 and auto-renews each Jan 1; agreement supersedes the May 24, 2025 offer letter under which Vasquez became CFO.
- Termination without cause or for good reason brings 12 months of salary continuation, $2,500/month transitional payments for 12 months, vehicle allowance and unpaid bonus.
- Within 12 months after a Change in Control: 36 months' base salary lump sum, 3x prior-year bonus, and accelerated vesting of all equity at maximum performance level.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402829/000140282926000054/0001402829-26-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402829/000140282926000054/orn-20261012x8k.htm
  HTML page:      https://secwatch.observer/filing/0001402829-26-000054

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