Form 4: Orrstown Financial Services Director Acquires Restricted Stock
SEC Form 4
Director John W. Giambalvo acquires 1,500 shares of restricted stock in Orrstown Financial Services, Inc.
Summary
- John W. Giambalvo, a director of Orrstown Financial Services, Inc. (ORRF), acquired 1,500 shares of restricted common stock on May 6, 2025.
- The shares were acquired at a price of $0.
- Following the transaction, Giambalvo directly owns 2,500 shares of restricted stock and 40,562 shares of common stock.
- Giambalvo also indirectly owns 5,282 shares through the Jack Giambalvo Motor Co profit sharing plan.
- The restricted stock vests over the next 18 months.
Sentiment
Score: 5
Explanation: This is a routine disclosure of a stock transaction by a company director, and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
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, Giambalvo, Restricted Stock, Beneficial Ownership, Form 4
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.