Form 4: Orrstown Financial Services Director Acquires Restricted Stock

Director Scott V. Fainor acquired 1,000 shares of restricted stock in Orrstown Financial Services, Inc.

Summary

• Scott V. Fainor, 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 the transaction, Mr. Fainor directly owns 1,000 shares of restricted stock and 10,396 shares of common stock, with 4,375 of the common shares owned jointly with his spouse.

Sentiment

Score: 7

Explanation: The document reflects a routine insider transaction, which is neither particularly positive nor negative. The acquisition of restricted stock is a common practice.

Industry Context

This is a routine filing related to insider transactions, which is common in the financial services industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, and this transaction is consistent with typical insider activity.
• The acquisition of restricted stock is a common form of compensation for directors and executives in the financial sector.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard form of compensation for a director.

Key Dates

Keywords

Orrstown Financial Services, restricted stock, director, insider trading, Form 4, equity, stock acquisition