Form 4: Orrstown Financial Services Director Michael John Rice Reports Acquisition of Restricted Stock
SEC Form 4 Filing
Director Michael John Rice reports acquiring 1,500 shares of restricted stock in Orrstown Financial Services, Inc.
Summary
- On May 6, 2025, Michael John Rice, a director of Orrstown Financial Services Inc. (ORRF), acquired 1,500 shares of restricted common stock.
- The acquisition was made at a price of $0 per share.
- Following the transaction, Rice directly owns 2,500 shares of Orrstown Financial Services, Inc. Common, Restricted Stock.
- Rice also disposed of 21,613 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in trading activities by company insiders. This filing indicates changes in the holdings of a director at Orrstown Financial Services.
Stakeholder Impact
- The acquisition of restricted stock by a director could be viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| 05/06/2025 | Date of transaction: Acquisition of restricted stock. |
| 05/08/2025 | Date of signature on the report. |
Keywords
Form 4, Beneficial Ownership, ORRF, Orrstown Financial Services, Michael John Rice, Director, Restricted Stock, Acquisition
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