Form 4: Orrstown Financial Services Director Floyd E. Stoner Acquires Restricted Stock
SEC Form 4
Director Floyd E. Stoner acquired 1,500 shares of Orrstown Financial Services restricted stock on April 30, 2024.
Summary
- On April 30, 2024, Floyd E. Stoner, a director of Orrstown Financial Services Inc., acquired 1,500 shares of common restricted stock.
- The acquisition was a direct transaction.
- Following the transaction, Stoner directly owns 4,641 shares of Orrstown Financial Services, Inc. common restricted stock and 31,033 shares of common stock.
- The 31,033 shares include 6,240 shares owned jointly with the reporting person's spouse and 15,666 shares owned is a family trust.
- The restricted stock has various vesting dates over the next 18 months.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a stock transaction by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of a company insider's stock transaction, which is a common occurrence in the financial industry. It provides transparency into the trading activities of company directors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects insider confidence, but the amount is relatively small.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of transaction: Floyd E. Stoner acquired 1,500 shares of Orrstown Financial Services, Inc. common restricted stock. |
| 05/02/2024 | Date of signature: Casara I Kieffer as P.O.A. signed the form. |
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