Orrstown Financial (NASDAQ: ORRF) director sells 2,530 shares
Rhea-AI Filing Summary
Orrstown Financial Services director Michael John Rice reported selling 2,530 shares of common stock on 2026-08-06 at $43.16 per share in a sale described as an open-market or private transaction. Following the sale, he directly holds 22,022 common shares and 2,500 restricted shares that vest over the next 18 months.
The Rule 10b5-1 trading plan checkbox is not marked, so the sale is not reported as occurring under such a plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,530 shares
Net Sell
2 txns
Insider
Rice Michael John
Role
Director
Sold
2,530 shs ($109K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Orrstown Financial Services, Inc, Common Stock | 2,530 | $43.16 | $109K |
| holding | Orrstown Financial Services, Inc. Common, Restricted Stock F1 | -- | -- | -- |
Holdings After Transaction:
Orrstown Financial Services, Inc, Common Stock — 22,022 shares (Direct);
Orrstown Financial Services, Inc. Common, Restricted Stock — 2,500 shares (Direct)
Footnotes (1)
- F1. Restricted stock with various vesting dates over the next 18 months.
Key Figures
Shares sold: 2,530 shares
Sale price per share: $43.16
Common shares held after sale: 22,022 shares
+1 more
4 metrics
Shares sold
2,530 shares
Common stock sale by director Michael John Rice on 2026-08-06
Sale price per share
$43.16
Price for Orrstown Financial common stock sold on 2026-08-06
Common shares held after sale
22,022 shares
Direct Orrstown Financial common stock holdings after reported sale
Restricted shares held
2,500 shares
Direct restricted stock with various vesting dates over the next 18 months
Key Terms
restricted stock, vesting, open market or private transaction
3 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 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.
open market or private transaction financial
"Sale in open market or private transaction."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is Michael John Rice’s remaining ORRF ownership after this Form 4?
After the sale, Michael John Rice directly holds 22,022 ORRF common shares. He also directly holds 2,500 shares of restricted stock, which have various vesting dates over the next 18 months, according to the filing’s footnote.
Was Michael John Rice’s ORRF stock sale under a Rule 10b5-1 plan?
The sale is not indicated as being under a Rule 10b5-1 trading plan. The document-level Rule 10b5-1 checkbox is not marked, and no footnote describes the transaction as occurring pursuant to such a pre-arranged plan.
How many ORRF transactions are reported for Michael John Rice in this Form 4?
The Form 4 for ORRF reports one sale transaction of common stock totaling 2,530 shares and one holding entry showing 2,500 restricted shares with future vesting, giving a snapshot of both his traded and unvested positions.