Form 4: Orrstown Financial Services EVP Christopher Holt Reports Sale of Shares
SEC Form 4
Christopher Holt, EVP of Orrstown Financial Services, reports the sale of 8,000 shares of company stock at $34.16 per share on September 11, 2024.
Summary
- On September 11, 2024, Christopher Holt, EVP of Orrstown Financial Services, sold 8,000 shares of Orrstown Financial Services, Inc. common stock at a price of $34.16 per share.
- Following the transaction, Holt directly owns 10,113 shares, which includes 1,000 shares owned by his spouse.
- Holt also holds 6,667 shares of time-vested restricted stock and 11,443 restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock sale.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company executives.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but it is a common occurrence and doesn't necessarily indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 09/11/2024 | Date of stock sale transaction |
| 09/13/2024 | Date of signature on the report |
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