Jeffrey S. Gayman - 15 Feb 2024 Form 4 Insider Report for ORRSTOWN FINANCIAL SERVICES INC (ORRF)

Role
EVP, Mortgage & Retail
Signature
/s/ Casara I Kieffer as P.O.A.
Issuer symbol
ORRF
Transactions as of
15 Feb 2024
Net transactions value
-$49,052
Form type
4
Filing time
20 Feb 2024, 16:39:44 UTC
Previous filing
14 Feb 2023
Next filing
03 Jul 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 Tax liability $16,933 -633 -12% $26.75 4,473 15 Feb 2024 Direct F1
transaction ORRF Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. Tax liability $16,746 -626 -10% $26.75 5,353 15 Feb 2024 Direct F2
transaction ORRF Orrstown Financial Services, Inc. Common, Restricted Stock Tax liability $15,373 -556 -17% $27.65 2,688 16 Feb 2024 Direct F1
transaction ORRF Orrstown Financial Services, Inc. Common, Restricted Stock Award $0 +2,843 +106% $0.000000 5,531 16 Feb 2024 Direct F1
transaction ORRF Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. Award $0 +2,843 +53% $0.000000 8,196 16 Feb 2024 Direct F2
holding ORRF Orrstown Financial Services, Inc, Common Stock 9,149 15 Feb 2024 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 jointly with the reporting persons spouse and 10 shares held by the reporting person's children.