Matthew Dyckman - 28 Feb 2023 Form 4 Insider Report for ORRSTOWN FINANCIAL SERVICES INC (ORRF)

Role
EVP, General Counsel
Signature
/s/ Matthew Dyckman
Issuer symbol
ORRF
Transactions as of
28 Feb 2023
Net transactions value
+$11,625
Form type
4
Filing time
01 Mar 2023, 15:57:31 UTC
Previous filing
14 Feb 2023
Next filing
20 Mar 2023
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 Stock Purchase $11,625 +500 +40% $23.25 1,742 28 Feb 2023 Direct
holding ORRF Orrstown Financial Services, Inc. Common, Restricted Stock 7,515 28 Feb 2023 Direct F1
holding ORRF Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. 3,859 28 Feb 2023 Direct F2
* 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.