Amy Doll - Aug 8, 2024 Form 4 Insider Report for ORRSTOWN FINANCIAL SERVICES INC (ORRF)

Role
EVP, Chief Operations Officer
Signature
/s/ Casara I Kieffer as P.O.A.
Stock symbol
ORRF
Transactions as of
Aug 8, 2024
Transactions value $
-$28,641
Form type
4
Date filed
8/12/2024, 04:28 PM
Previous filing
Jul 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORRF Orrstown Financial Services, Inc, Common Stock Options Exercise $14.2K +805 +5.95% $17.64 14.3K Aug 8, 2024 Direct
transaction ORRF Orrstown Financial Services, Inc, Common Stock Options Exercise $20.6K +1.17K +8.19% $17.59 15.5K Aug 8, 2024 Direct
holding ORRF Orrstown Financial Services, Inc. Common, Restricted Stock 6.67K Aug 8, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ORRF Stock Option (right to buy) Options Exercise -$25.8K -805 -100% $32.09 0 Aug 8, 2024 Orrstown Financial Services, Inc, Common Stock 805 $17.64 Direct
transaction ORRF Stock Option (right to buy) Options Exercise -$37.6K -1.17K -100% $32.09 0 Aug 8, 2024 Orrstown Financial Services, Inc, Common Stock 1.17K $17.59 Direct
holding ORRF Stock Option (right to buy) 3.13K Aug 8, 2024 Orrstown Financial Services, Inc, Common Stock 3.13K $21.23 Direct
holding ORRF Stock Option (right to buy) 2.31K Aug 8, 2024 Orrstown Financial Services, Inc, Common Stock 2.31K $25.99 Direct
holding ORRF Stock Option (right to buy) 5.6K Aug 8, 2024 Orrstown Financial Services, Inc, Common Stock 5.6K $19.64 Direct
holding ORRF Stock Option (right to buy) 2K Aug 8, 2024 Orrstown Financial Services, Inc, Common Stock 2K $29.92 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.