David Todd Hornberger - Feb 10, 2023 Form 4 Insider Report for ORRSTOWN FINANCIAL SERVICES INC (ORRF)

Role
Executive Vice President
Signature
/s/ David T Hornberger
Stock symbol
ORRF
Transactions as of
Feb 10, 2023
Transactions value $
-$60,645
Form type
4
Date filed
2/14/2023, 03:59 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 +3.31K +35.55% $0.00 12.6K Feb 10, 2023 Direct F1
transaction ORRF Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. Award $0 +3.31K +65.85% $0.00 8.34K Feb 10, 2023 Direct F2
transaction ORRF Orrstown Financial Services, Inc. Common, Restricted Stock Tax liability -$38.8K -1.61K -17.89% $24.07 7.4K Feb 11, 2023 Direct F1
transaction ORRF Orrstown Financial Services, Inc, Common Stock Sale -$21.8K -945 -5.61% $23.09 15.9K 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 Includes 6,952 shares owned jointly with the reporting persons spouse