<SEC-DOCUMENT>0000950142-23-002287.txt : 20230821
<SEC-HEADER>0000950142-23-002287.hdr.sgml : 20230821
<ACCEPTANCE-DATETIME>20230821210023
ACCESSION NUMBER:		0000950142-23-002287
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230818
FILED AS OF DATE:		20230821
DATE AS OF CHANGE:		20230821

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Painter Corning F.
		CENTRAL INDEX KEY:			0001519239

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36563
		FILM NUMBER:		231190788

	MAIL ADDRESS:	
		STREET 1:		7201 HAMILTON BOULEVARD
		CITY:			ALLENTOWN
		STATE:			PA
		ZIP:			18195-1501

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Orion S.A.
		CENTRAL INDEX KEY:			0001609804
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS CHEMICAL PRODUCTS [2890]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1700 CITY PLAZA DRIVE, SUITE 300
		CITY:			SPRING
		STATE:			TX
		ZIP:			77389
		BUSINESS PHONE:		(281) 381-2959

	MAIL ADDRESS:	
		STREET 1:		1700 CITY PLAZA DRIVE, SUITE 300
		CITY:			SPRING
		STATE:			TX
		ZIP:			77389

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Orion Engineered Carbons S.A.
		DATE OF NAME CHANGE:	20140728

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Orion Engineered Carbons S.a r.l.
		DATE OF NAME CHANGE:	20140603
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>es230392863_4-painter.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2023-08-18</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001609804</issuerCik>
        <issuerName>Orion S.A.</issuerName>
        <issuerTradingSymbol>OEC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001519239</rptOwnerCik>
            <rptOwnerName>Painter Corning F.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ORION ENGINEERED CARBONS LLC</rptOwnerStreet1>
            <rptOwnerStreet2>1700 CITY PLAZA DRIVE, SUITE 300</rptOwnerStreet2>
            <rptOwnerCity>SPRING</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77389</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Executive Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Shares, no par value</value>
            </securityTitle>
            <transactionDate>
                <value>2023-08-18</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>15000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>21.59</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>771708</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $21.47 to $21.60, inclusive. The reporting person undertakes to provide to Orion S.A., any security holder of Orion S.A., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within this range.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Corning F. Painter</signatureName>
        <signatureDate>2023-08-21</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
