Orrstown director receives 1,500 restricted shares
Keller Mark K reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Keller Mark K reported acquisition or exercise transactions in this Form 4 filing.
Orrstown Financial Services director Mark K. Keller received a grant of 1,500 shares of restricted common stock at no cost. The restricted stock carries various vesting dates over the next 18 months, reflecting a compensation-related equity award rather than an open-market purchase.
Following this award, Keller directly holds 2,500 shares of restricted stock and 25,617 shares of Orrstown common stock. This common stock total includes 18,029 shares owned jointly with his spouse, indicating a combined personal and family equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,500 shares
Grant/Award
2 txns
Insider
Keller Mark K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Orrstown Financial Services, Inc. Common, Restricted Stock | 1,500 | $0.00 | $0.00 |
| holding | Orrstown Financial Services, Inc, Common Stock | -- | -- | -- |
Holdings After Transaction:
Orrstown Financial Services, Inc. Common, Restricted Stock — 2,500 shares (Direct);
Orrstown Financial Services, Inc, Common Stock — 25,617 shares (Direct)
Footnotes (2)
- F1. Restricted stock with various vesting dates over the next 18 months.
- F2. Includes 18,029 shares owned jointly with the reporting persons spouse
Key Figures
Restricted stock grant: 1,500 shares
Grant price: $0.00 per share
Restricted shares 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
Price per share for the 1,500 restricted shares
Restricted shares after grant
2,500 shares
Total restricted stock held following the award
Common shares after transactions
25,617 shares
Total Orrstown common stock directly owned after filing
Jointly owned common shares
18,029 shares
Portion of common stock owned jointly with spouse
Vesting period
18 months
Various vesting dates for the new restricted stock
Key Terms
Restricted stock, vesting dates, jointly, Grant, award, or other acquisition, +1 more
5 terms
Restricted stock financial
"Restricted stock with various vesting dates over the next 18 months."
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 dates financial
"Restricted stock with various vesting dates over the next 18 months."
jointly financial
"Includes 18,029 shares owned jointly with the reporting persons spouse"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
beneficial ownership financial
"Includes 18,029 shares owned jointly with the reporting persons spouse"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ORRF director Mark K. Keller report?
Mark K. Keller reported receiving a grant of 1,500 shares of Orrstown Financial Services restricted common stock at no cost. This is a compensation-related equity award rather than an open-market trade, disclosed in his latest insider ownership filing.
What are the vesting terms of Mark K. Keller’s new ORRF restricted stock?
The 1,500 newly granted Orrstown restricted shares have various vesting dates over the next 18 months. This staggered vesting schedule encourages continued service and aligns Keller’s compensation with the company’s future results during that period.
Was Mark K. Keller’s latest ORRF transaction a market purchase or sale?
The filing shows a grant of 1,500 restricted Orrstown shares at a price of $0.00 per share, indicating a compensation award. There were no open-market purchases or sales reported, only changes from this equity grant and updated holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
