Form 4: Orrstown Financial Services Director Acquires Restricted Stock

Director Eric Andrew Segal acquired 1,000 shares of restricted stock in Orrstown Financial Services, Inc.

Summary

• Eric Andrew Segal, a director at Orrstown Financial Services, Inc., acquired 1,000 shares of restricted stock on January 30, 2025.
• The restricted stock was acquired at a price of $0.
• These shares have a vesting date of May 1, 2026.
• Following this transaction, Mr. Segal directly owns 1,000 shares of restricted stock and 24,138 shares of common stock, including 8,296 shares owned jointly with his spouse.

Sentiment

Score: 6

Explanation: The document is a routine filing of a stock transaction by a director. It is neither particularly positive nor negative, but rather a standard disclosure.

Positives

• The acquisition of restricted stock by a director could be seen as a positive sign of confidence in the company's future.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who have transactions in their company's stock. It is a routine disclosure and does not indicate any specific trend in the banking industry.

Comparison to Industry Standards

• Form 4 filings are a standard practice for all publicly traded companies in the United States.
• The acquisition of restricted stock is a common form of compensation for directors and executives in the financial services industry.
• The size of the acquisition is not unusual for a director of a company of this size.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates director confidence in the company.

Key Dates

Keywords

Orrstown Financial Services, Director, Restricted Stock, Beneficial Ownership, Form 4, ORRF, Eric Andrew Segal