Form 4: Orrstown Financial Services EVP Adam Metz Reports Stock Transactions
SEC Form 4 Filing
EVP and Chief Revenue Officer of Orrstown Financial Services, Adam Metz, reports acquisition and disposal of company stock and restricted stock units.
Summary
- Adam Metz, EVP and Chief Revenue Officer of Orrstown Financial Services, reported transactions involving the company's stock on February 16, 2025.
- Metz disposed of 1,359 shares of common restricted stock units at a price of $33.64.
- He also acquired 2,741 shares of common restricted stock units and 2,742 shares of common restricted stock at $0.
- Following these transactions, Metz directly owns 9,561 restricted stock units, 9,409 restricted shares and 17,439 common shares, including 15,322 shares owned jointly with his spouse.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. It's a routine part of corporate governance and provides transparency to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 02/16/2025 | Date of stock transactions (acquisition and disposal). |
| 02/19/2025 | Date of signature for the report. |
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