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

Role
Executive Vice President
Signature
/s/ David T Hornberger
Issuer symbol
ORRF
Transactions as of
10 Feb 2023
Net transactions value
-$60,645
Form type
4
Filing time
14 Feb 2023, 15:59:57 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 +3,314 +36% $0.000000 12,637 10 Feb 2023 Direct F1
transaction ORRF Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. Award $0 +3,313 +66% $0.000000 8,344 10 Feb 2023 Direct F2
transaction ORRF Orrstown Financial Services, Inc. Common, Restricted Stock Tax liability $38,825 -1,613 -18% $24.07 7,403 11 Feb 2023 Direct F1
transaction ORRF Orrstown Financial Services, Inc, Common Stock Sale $21,820 -945 -5.6% $23.09 15,885 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 Includes 6,952 shares owned jointly with the reporting persons spouse