Form 4: Orrstown Financial Services Director Acquires Restricted Stock
SEC Form 4 Filing
Director Joel R. Zullinger acquires 2,600 shares of restricted stock in Orrstown Financial Services, Inc.
Summary
- Joel R. Zullinger, a director of Orrstown Financial Services Inc. (ORRF), acquired 2,600 shares of restricted common stock on May 6, 2025.
- The acquisition was a direct transaction.
- Following the transaction, Zullinger directly owns 4,600 shares of restricted stock and 49,932 shares of common stock, including 3,765 shares owned jointly with their spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock transaction by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company.
Stakeholder Impact
- The acquisition of shares by a director can be seen as a positive signal to shareholders, indicating confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 05/06/2025 | Date of transaction: acquisition of restricted stock. |
| 05/08/2025 | Date of signature on the Form 4 filing. |
Keywords
Orrstown Financial Services, ORRF, Director, Stock Acquisition, Restricted Stock, Form 4, Zullinger
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