Neelesh Kalani - Feb 15, 2024 Form 4 Insider Report for ORRSTOWN FINANCIAL SERVICES INC (ORRF)

Role
EVP, Chief Financial Officer
Signature
/s/ Casara I Kieffer as P.O.A.
Stock symbol
ORRF
Transactions as of
Feb 15, 2024
Transactions value $
-$35,301
Form type
4
Date filed
2/20/2024, 04:35 PM
Previous filing
Mar 7, 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 -$15K -562 -5.52% $26.75 9.62K Feb 15, 2024 Direct F1
transaction ORRF Orrstown Financial Services, Inc. Common, Restricted Stock Tax liability -$20.3K -733 -8.98% $27.65 7.43K Feb 16, 2024 Direct F1
transaction ORRF Orrstown Financial Services, Inc. Common, Restricted Stock Award $0 +4.32K +58.07% $0.00 11.7K Feb 16, 2024 Direct F1
transaction ORRF Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. Award $0 +4.32K +65.67% $0.00 10.9K Feb 16, 2024 Direct F2
holding ORRF Orrstown Financial Services, Inc, Common Stock 5.53K Feb 15, 2024 Direct
* 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.