Form 4: Orrstown Financial Services EVP David Todd Hornberger Reports Stock Sale
SEC Form 4 Filing
David Todd Hornberger, EVP of Orrstown Financial Services, reports the sale of 4,000 shares of common stock at $37.82 per share.
Summary
- David Todd Hornberger, EVP, Market President of Orrstown Financial Services Inc, reported a transaction on October 29, 2024.
- He sold 4,000 shares of Orrstown Financial Services, Inc. common stock at a price of $37.82 per share.
- Following the transaction, Hornberger directly owns 20,877 shares, which includes 6,952 shares owned jointly with his spouse.
- He also holds 6,667 shares of time-vested restricted stock and 9,506 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This sale could be for personal financial planning reasons and may not reflect a negative outlook on the company.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 10/29/2024 | Date of stock sale transaction |
| 10/31/2024 | Date of report submission |
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