Orrstown (ORRF) director Segal awarded 1,500 restricted shares, holds 27,920

Q: What are the terms of the restricted stock granted to ORRF director Segal?

Segal received 1,500 shares of restricted common stock at a stated price of $0.00 per share. The filing notes these restricted shares have various vesting dates over the next 18 months , indicating they become fully earned over time.

Q: Is Segal’s ORRF Form 4 transaction a stock purchase or sale?

The filing shows a grant/award acquisition of 1,500 restricted shares, coded as “A,” rather than an open-market purchase or sale. There are no reported buy or sell transactions in this Form 4, only a compensation-related equity award.

Q: How many restricted Orrstown Financial Services (ORRF) shares does Segal own after the grant?

Following the grant, Eric Andrew Segal holds 2,500 shares of restricted common stock in Orrstown Financial Services. These restricted shares carry various vesting dates over the next 18 months , as disclosed in the Form 4 footnotes.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Segal Eric Andrew reported acquisition or exercise transactions in this Form 4 filing.

Orrstown Financial Services director Eric Andrew Segal received a grant of 1,500 shares of restricted common stock. The award was made at a stated price of $0.00 per share and brings his directly held restricted stock balance to 2,500 shares, with various vesting dates over the next 18 months.

Following these transactions, he directly owns 27,920 shares of Orrstown Financial Services common stock, including 8,804 shares owned jointly with his spouse. This Form 4 reflects a compensation-related equity award rather than an open-market purchase or sale.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Segal Eric Andrew

Role null

Type	Security	Shares	Price	Value
Grant/Award	Orrstown Financial Services, Inc. Common, Restricted Stock	1,500	$0.00	--
holding	Orrstown Financial Services, Inc, Common Stock	--	--	--

Holdings After Transaction: Orrstown Financial Services, Inc. Common, Restricted Stock — 2,500 shares (Direct, null); Orrstown Financial Services, Inc, Common Stock — 27,920 shares (Direct, null)

Footnotes (1)

Restricted stock with various vesting dates over the next 18 months. Includes 8,804 shares owned jointly with the reporting persons spouse

Key Figures

Restricted stock grant: 1,500 shares Grant price: $0.00 per share Restricted stock after grant: 2,500 shares +3 more

6 metrics

Restricted stock grant 1,500 shares Grant of restricted common stock on May 5, 2026

Grant price $0.00 per share Stated price for restricted stock award

Restricted stock after grant 2,500 shares Total directly held restricted stock following award

Common shares directly owned 27,920 shares Direct Orrstown common shares following reported transactions

Jointly owned shares with spouse 8,804 shares Portion of direct holdings owned jointly with spouse

Vesting period 18 months Restricted stock vests on various dates over next 18 months

Key Terms

restricted stock, vesting, grant/award acquisition, Form 4

4 terms

restricted stock financial

"Segal received a grant of 1,500 shares of restricted common stock."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

vesting financial

"Restricted stock with various vesting dates over the next 18 months."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

grant/award acquisition financial

"Transaction code description: Grant, award, or other acquisition."

Form 4 regulatory

"This Form 4 reflects a compensation-related equity award rather than an open-market purchase or sale."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/06/2026 - 04:22 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Segal Eric Andrew

(Last)

(First)

(Middle)

4750 LINDLE ROAD

(Street)

HARRISBURG

PENNSYLVANIA

17111

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ORRSTOWN FINANCIAL SERVICES INC [ ORRF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Orrstown Financial Services, Inc. Common, Restricted Stock	05/05/2026		A		1,500	A	$0	2,500⁽¹⁾	D
Orrstown Financial Services, Inc, Common Stock								27,920⁽²⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Restricted stock with various vesting dates over the next 18 months.

2. Includes 8,804 shares owned jointly with the reporting persons spouse

Remarks:

	/s/ Casara I Kieffer as P.O.A.	05/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did ORRF director Eric Andrew Segal report?

Eric Andrew Segal reported receiving a grant of 1,500 shares of restricted common stock in Orrstown Financial Services. This is a compensation-related award, not an open-market trade, and increases his directly held restricted stock balance to 2,500 shares.

How many Orrstown Financial Services (ORRF) shares does Eric Andrew Segal now hold?

After the reported transactions, Eric Andrew Segal directly holds 27,920 shares of Orrstown Financial Services common stock. This total includes 8,804 shares owned jointly with his spouse, as disclosed in the filing footnotes.

What are the terms of the restricted stock granted to ORRF director Segal?

Segal received 1,500 shares of restricted common stock at a stated price of $0.00 per share. The filing notes these restricted shares have various vesting dates over the next 18 months, indicating they become fully earned over time.

Is Segal’s ORRF Form 4 transaction a stock purchase or sale?

The filing shows a grant/award acquisition of 1,500 restricted shares, coded as “A,” rather than an open-market purchase or sale. There are no reported buy or sell transactions in this Form 4, only a compensation-related equity award.

How many restricted Orrstown Financial Services (ORRF) shares does Segal own after the grant?

Following the grant, Eric Andrew Segal holds 2,500 shares of restricted common stock in Orrstown Financial Services. These restricted shares carry various vesting dates over the next 18 months, as disclosed in the Form 4 footnotes.