Key facts
- This page summarizes Chad M. Clabaugh's Form 4 filing for ORRSTOWN FINANCIAL SERVICES INC (ORRF).
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 03 Jul 2024, 16:11.
Chad M. Clabaugh - 01 Jul 2024 Form 4 Insider Report for ORRSTOWN FINANCIAL SERVICES INC (ORRF)
- Reporting relationship
- Chief Consumer Banking Officer
- Issuer ticker
- ORRF
- Reported as of
- 01 Jul 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 03 Jul 2024, 16:11:15 UTC
- Prior SEC filing
- 18 Jun 2024
- Next SEC filing
- 03 Jan 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Casara I Kieffer as P.O.A.
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Chad M. Clabaugh filed Form 4 for ORRSTOWN FINANCIAL SERVICES INC (ORRF) on 03 Jul 2024.
Change
- Previous filing in this sequence was filed on 18 Jun 2024.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ORRF
transaction
Orrstown Financial Services, Inc, Common Stock
Award
- Transaction value
- $0
- Shares
- +7,890
- Change %
- Price
- $0.000000
- Shares after
- 7,890
- Date
- 01 Jul 2024
- Ownership
- Direct
- Footnotes
- F1
ORRF
transaction
Orrstown Financial Services, Inc. Restricted Stock
Award
- Transaction value
- $0
- Shares
- +6,667
- Change %
- Price
- $0.000000
- Shares after
- 6,667
- Date
- 01 Jul 2024
- Ownership
- Direct
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
On July 1, 2024, Codorus Valley Bancorp, Inc. (CVLY) merged with and into Orrstown Financial Services, Inc. (ORRF). Pursuant to the merger, each share of CVLY common stock held by the reporting person was converted into the right to receive 0.875 shares of ORRF common stock (the Exchange Ratio), with an amount in cash, without interest, to be paid in lieu of fractional shares at $25.40 per share. The closing price of ORRF common stock on June 28, 2024 was $27.36 per share.
Footnote F2
Represents an award of shares of restricted stock of ORRF vesting on July 28, 2025 upon achievement of targeted expense savings based on ORRFs going forward annual expense run rate at June 30, 2025 compared to the combined reported expenses of ORRF and CVLY (excluding merger-related and other extraordinary expenses in both cases) for the year ended December 31, 2023.