Form 4: Orrstown Financial Services EVP Christopher Holt Reports Stock Transactions

EVP Christopher Holt reports acquisition and disposal of Orrstown Financial Services stock, including restricted stock units and common stock, on February 16, 2025.

Summary

• Christopher D Holt, EVP, Market President of Orrstown Financial Services, reported transactions involving the company's stock on February 16, 2025.
• Holt disposed of 1,210 shares of common stock, restricted stock units to cover taxes at a price of $33.64.
• He acquired 3,229 shares of common stock, restricted stock units and 3,230 shares of restricted stock.
• Following these transactions, Holt beneficially owns 11,261 restricted stock units, 9,897 restricted stock and 13,191 common shares.
• The restricted stock units vest three years after the award date based on company performance, and the restricted stock vests over the next three years.
• 1,000 of the common shares are owned by Holt's spouse.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of company leadership.

Key Dates