Orrstown director granted 1,000 restricted shares
Orrstown Financial Services, Inc. director Michael John Rice reported an award of 1,000 shares of restricted common stock on January 29, 2026 at a grant price of $0.
Rhea-AI Filing Summary
Orrstown Financial Services, Inc. director Michael John Rice reported an award of 1,000 shares of restricted common stock on January 29, 2026 at a grant price of $0. Following this grant, he beneficially owns 3,500 restricted shares directly, with these awards vesting on May 3, 2027 and on various dates over the next 18 months. He also directly holds 21,946 shares of Orrstown common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Orrstown Financial Services, Inc. Common, Restricted Stock | 1,000 | $0.00 | $0.00 |
| holding | Orrstown Financial Services, Inc, Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Restricted Stock with Vesting Date of May 3, 2027
- F2. Restricted stock with various vesting dates over the next 18 months.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ORRF director Michael John Rice report?
Michael John Rice reported receiving 1,000 shares of Orrstown Financial Services restricted common stock on January 29, 2026. The shares were granted at a price of $0 as equity compensation and increase his directly held restricted stock position.
Is Michael John Rice’s ORRF ownership listed as direct or indirect?
The Form 4 shows Michael John Rice’s holdings as direct ownership. Both the 3,500 restricted shares and the 21,946 common shares are reported with a direct ownership code, with no separate entity or indirect beneficial owner noted.
What role does Michael John Rice hold at Orrstown Financial Services (ORRF)?
Michael John Rice is reported as a director of Orrstown Financial Services, Inc. The Form 4 indicates his relationship to the issuer by checking the director box, with no officer or 10% owner status selected in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.