Jeffrey S. Gayman - 10 Feb 2023 Form 4 Insider Report for ORRSTOWN FINANCIAL SERVICES INC (ORRF)

Role
Executive Vice President
Signature
/s/ Jeffrey S Gayman
Issuer symbol
ORRF
Transactions as of
10 Feb 2023
Net transactions value
-$110,971
Form type
4
Filing time
14 Feb 2023, 15:56:17 UTC
Previous filing
18 Feb 2022
Next filing
20 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORRF Orrstown Financial Services, Inc. Common, Restricted Stock Award $0 +2,705 +72% $0.000000 6,484 10 Feb 2023 Direct F1
transaction ORRF Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. Award $0 +2,704 +58% $0.000000 7,363 10 Feb 2023 Direct F2
transaction ORRF Orrstown Financial Services, Inc, Common Stock Sale $110,971 -4,806 -48% $23.09 5,157 13 Feb 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Time-vested restricted stock with various vesting dates over the next three years
F2 Restricted stock units vesting three years after the date of the award based on pre-established company performance criteria.
F3 These shares consist of 5,147 shares held individually by the reporting person with the reporting person's spouse and 10 shares held jointly with the reporting person's children.