Form 4: Orrstown Financial Services EVP Acquires 2,500 Shares of Restricted Stock

Christopher Orr, EVP and Chief Information Officer of Orrstown Financial Services, acquired 2,500 shares of restricted stock on May 6, 2025.

Summary

• Christopher Orr, an Executive Vice President and Chief Information Officer at Orrstown Financial Services Inc. (ORRF), acquired 2,500 shares of restricted common stock on May 6, 2025.
• The shares were acquired directly and at a price of $0.
• Following the transaction, Mr. Orr directly owns 2,500 shares of Orrstown Financial Services, Inc. common stock.
• The restricted stock vests on May 6, 2028.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction, but insider ownership can be viewed slightly positively.

Positives

• An executive increasing their holdings in the company can be seen as a positive signal.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's increased stake in the company, which can be interpreted as a sign of confidence.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

Orrstown Financial Services, ORRF, Christopher Orr, restricted stock, Form 4, beneficial ownership, executive compensation