Neelesh Kalani - 03 Mar 2023 Form 4 Insider Report for ORRSTOWN FINANCIAL SERVICES INC (ORRF)

Signature
/s/ Neelesh Kalani
Issuer symbol
ORRF
Transactions as of
03 Mar 2023
Net transactions value
+$23,260
Form type
4
Filing time
07 Mar 2023, 15:16:43 UTC
Previous filing
14 Feb 2023
Next filing
20 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORRF Orrstown Financial Services, Inc, Common Stock Purchase $23,260 +1,000 +105% $23.26 1,950 03 Mar 2023 Direct
holding ORRF Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. 6,572 03 Mar 2023 Direct F1
holding ORRF Orrstown Financial Services, Inc. Common, Restricted Stock 12,304 03 Mar 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units vesting three years after the date of the award based on pre-established company performance criteria.
F2 Time-vested restricted stock with various vesting dates over the next three years