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

Role
Executive Vice President
Signature
/s/ Jeffrey S Gayman
Stock symbol
ORRF
Transactions as of
Feb 10, 2023
Transactions value $
-$110,971
Form type
4
Date filed
2/14/2023, 03:56 PM
Previous filing
Feb 18, 2022
Next filing
Feb 20, 2024

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 +2.71K +71.58% $0.00 6.48K Feb 10, 2023 Direct F1
transaction ORRF Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. Award $0 +2.7K +58.04% $0.00 7.36K Feb 10, 2023 Direct F2
transaction ORRF Orrstown Financial Services, Inc, Common Stock Sale -$111K -4.81K -48.24% $23.09 5.16K Feb 13, 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.