Director Brian Brunner awarded 1,000 Orrstown Financial (ORRF) restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Orrstown Financial Services director reports restricted stock award. Director Brian D. Brunner received 1,000 shares of Orrstown Financial Services, Inc. restricted common stock on January 29, 2026 at a grant price of $0, bringing his restricted stock holdings to 3,500 shares.
The new 1,000-share award is scheduled to vest on May 3, 2027. Following this filing, Brunner beneficially owns 49,529 shares of Orrstown Financial Services common stock, including 2,500 shares held individually, 2,800 shares in a family trust, and additional shares held jointly with his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Brunner Brian D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Orrstown Financial Services, Inc. Common, Restricted Stock | 1,000 | $0.00 | -- |
| holding | Orrstown Financial Services, Inc, Common Stock | -- | -- | -- |
Holdings After Transaction:
Orrstown Financial Services, Inc. Common, Restricted Stock — 3,500 shares (Direct);
Orrstown Financial Services, Inc, Common Stock — 49,529 shares (Direct)
Footnotes (1)
- Restricted Stock with Vesting Date of May 3, 2027 Restricted stock with various vesting dates over the next 18 months. These shares consist of 2,500 shares held individually by the reporting person, 2,800 shares held in a family trust and the remainder held jointly with the reporting person's spouse.
FAQ
What insider transaction did Orrstown Financial (ORRF) report for Brian D. Brunner?
Orrstown Financial director Brian D. Brunner received 1,000 shares of restricted common stock on January 29, 2026. The award was granted at a price of $0 per share, increasing his restricted stock holdings to a total of 3,500 shares.
Did Brian D. Brunner buy or sell Orrstown Financial (ORRF) stock for cash in this filing?
The Form 4 shows an award of 1,000 shares of restricted stock at a price of $0 per share, rather than an open-market purchase or sale. It reflects equity compensation, not a cash transaction in Orrstown Financial shares.
What does the restricted stock grant mean for Orrstown Financial (ORRF) director compensation?
The 1,000-share restricted stock grant represents equity-based compensation for director Brian D. Brunner. Such awards align director interests with shareholders by tying part of compensation to Orrstown Financial’s share performance over the vesting period.