Orrstown director receives 1,500 restricted shares
BROWN SARAH M reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
BROWN SARAH M reported acquisition or exercise transactions in this Form 4 filing.
Orrstown Financial Services, Inc. director Sarah M. Brown reported a compensation-related equity grant and updated share holdings. She received 1,500 shares of restricted common stock at a stated price of $0.00 per share, increasing her restricted stock holdings to 2,500 shares, with various vesting dates over the next 18 months.
Separately, the filing reports that Brown holds 12,407 shares of Orrstown common stock directly after the reported transactions. The activity reflects an award of equity and a holdings entry rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,500 shares
Grant/Award
2 txns
Insider
BROWN SARAH M
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 — 12,407 shares (Direct)
Footnotes (1)
- F1. Restricted stock with various vesting dates over the next 18 months.
Key Figures
Restricted stock grant: 1,500 shares
Restricted shares after grant: 2,500 shares
Common shares held: 12,407 shares
+2 more
5 metrics
Restricted stock grant
1,500 shares
Grant of restricted common stock on 2026-05-05
Restricted shares after grant
2,500 shares
Total restricted stock held by Sarah M. Brown after transaction
Common shares held
12,407 shares
Direct Orrstown common stock holdings after reported transactions
Grant price
$0.00 per share
Stated price for the restricted stock award
Vesting period
18 months
Restricted stock vests on various dates over the next 18 months
Key Terms
restricted stock, grant, award, or other acquisition, Form 4, beneficial ownership
4 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.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
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.
beneficial ownership financial
"transactionSummary includes exerciseCount/exerciseShares for derivative exercises ... and beneficial ownership context"
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 Sarah M. Brown report?
Sarah M. Brown reported receiving 1,500 shares of restricted Orrstown Financial Services common stock as a grant. The shares are compensation-related, not an open-market purchase, and form part of her equity-based incentive in the company.
What are Sarah M. Brown’s total direct common stock holdings in ORRF?
The filing shows Sarah M. Brown directly holding 12,407 shares of Orrstown Financial Services common stock after the reported transactions. This figure represents her direct ownership position and does not include separate restricted stock holdings reported in the same Form 4.
Is the ORRF Form 4 transaction an open-market buy or sell?
The Form 4 for Orrstown Financial Services shows a grant of 1,500 restricted shares coded as an award, not an open-market buy or sell. It reflects equity compensation rather than a discretionary market trade by director Sarah M. Brown.
AI-generated analysis. How Rhea-AI works. Not financial advice.
