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

Role
EVP, Mortgage & Retail
Signature
/s/ Casara I Kieffer as P.O.A.
Stock symbol
ORRF
Transactions as of
Feb 15, 2024
Transactions value $
-$49,052
Form type
4
Date filed
2/20/2024, 04:39 PM
Previous filing
Feb 14, 2023
Next filing
Jul 3, 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 Tax liability -$16.9K -633 -12.4% $26.75 4.47K Feb 15, 2024 Direct F1
transaction ORRF Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. Tax liability -$16.7K -626 -10.47% $26.75 5.35K Feb 15, 2024 Direct F2
transaction ORRF Orrstown Financial Services, Inc. Common, Restricted Stock Tax liability -$15.4K -556 -17.14% $27.65 2.69K Feb 16, 2024 Direct F1
transaction ORRF Orrstown Financial Services, Inc. Common, Restricted Stock Award $0 +2.84K +105.77% $0.00 5.53K Feb 16, 2024 Direct F1
transaction ORRF Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. Award $0 +2.84K +53.11% $0.00 8.2K Feb 16, 2024 Direct F2
holding ORRF Orrstown Financial Services, Inc, Common Stock 9.15K Feb 15, 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.