Form 4: Orrstown Financial Services Executive Philip Fague Reports Stock Disposal
SEC Form 4 Filing
Philip Fague, EVP at Orrstown Financial Services, reported the disposal of 114 shares of common stock at $34.95 per share on September 13, 2024.
Summary
- On September 13, 2024, Philip E Fague, an EVP at Orrstown Financial Services Inc (ORRF), reported a transaction involving the company's common stock.
- Fague disposed of 114 shares at a price of $34.95 per share.
- Following the transaction, Fague directly owns 40,184 shares, which includes 27,744 shares owned jointly with their spouse.
- Fague also holds 4,000 shares of time-vested restricted stock and 7,676 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This allows investors to monitor the actions of those with privileged information.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it provides insight into executive's stock activity.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Date of stock disposal transaction |
| 09/17/2024 | Date of report signature |
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