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Director Joel R. Zullinger granted 2,000 Orrstown (ORRF) restricted shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Orrstown Financial Services director Joel R. Zullinger received an award of 2,000 shares of restricted common stock on January 29, 2026 at a grant price of $0 per share. This restricted stock is scheduled to vest on May 3, 2027.

After this grant, Zullinger beneficially owns 6,600 shares of restricted stock with various vesting dates over the next 18 months, held directly. He also directly owns 49,772 shares of Orrstown common stock, which include 3,605 shares owned jointly with his spouse.

Positive

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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*
ZULLINGER JOEL R

(Last) (First) (Middle)
4750 LINDLE ROAD

(Street)
HARRISBURG PA 17111

(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
01/29/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Orrstown Financial Services, Inc. Common, Restricted Stock 01/29/2026 A 2,000(1) A $0 6,600(2) D
Orrstown Financial Services, Inc, Common Stock 49,772(3) 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Restricted Stock with Vesting Date of May 3, 2027
2. Restricted stock with various vesting dates over the next 18 months.
3. Includes 3,605 shares owned jointly with the reporting persons spouse
Remarks:
/s/ Casara I Kieffer as P.O.A. 02/02/2026
** 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.

FAQ

What did Orrstown (ORRF) director Joel R. Zullinger report in this Form 4?

Joel R. Zullinger reported receiving 2,000 shares of restricted Orrstown common stock on January 29, 2026. The grant was priced at $0 per share, increasing his directly held restricted stock balance to 6,600 shares with staggered vesting schedules.

When do the newly granted Orrstown (ORRF) restricted shares vest?

The newly granted 2,000 restricted shares awarded to director Joel R. Zullinger are scheduled to vest on May 3, 2027. Additional restricted shares he holds have various vesting dates over the next 18 months, according to the Form 4 footnotes.

How many Orrstown (ORRF) restricted shares does Joel R. Zullinger now own?

Following the January 29, 2026 grant, Joel R. Zullinger beneficially owns 6,600 shares of Orrstown restricted stock, held directly. These shares include the new 2,000-share award and other restricted grants with vesting dates spread over the next 18 months.

How many total Orrstown (ORRF) common shares does Zullinger hold after this transaction?

After the reported transaction, Joel R. Zullinger directly holds 49,772 shares of Orrstown common stock. This total includes 3,605 shares owned jointly with his spouse, as disclosed in the Form 4 footnote describing his beneficial ownership structure.

Was this Orrstown (ORRF) Form 4 a purchase, sale, or equity award?

The Form 4 reflects an equity award of 2,000 restricted shares to director Joel R. Zullinger, coded as an acquisition at $0 per share. It does not report any open-market purchases or sales of Orrstown common stock in this filing.

Does Joel R. Zullinger hold Orrstown (ORRF) shares jointly with a family member?

Yes. The Form 4 states that his 49,772 directly held Orrstown common shares include 3,605 shares owned jointly with his spouse. These jointly held shares are counted within his reported beneficial ownership total, consistent with the footnote disclosure.
Orrstown Finl Svcs Inc

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