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Orrstown (NASDAQ: ORRF) director receives 1,500-share restricted stock grant

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

Rhea-AI Filing Summary

Joiner Cindy Jeannette reported acquisition or exercise transactions in this Form 4 filing.

Orrstown Financial Services, Inc. director Cindy Jeannette Joiner received a grant of 1,500 shares of restricted common stock on May 5, 2026. The award was granted at $0.00 per share as equity compensation and will vest on various dates over the next 18 months.

After this grant, she directly holds 25,561 shares of Orrstown common stock and 2,500 shares of restricted stock. This filing reflects a compensation-related equity award rather than an open‑market purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Joiner Cindy Jeannette
Role null
Type Security Shares Price Value
Grant/Award Orrstown Financial Services, Inc. Common, Restricted Stock 1,500 $0.00 --
holding Orrstown Financial Services, Inc, Common Stock -- -- --
Holdings After Transaction: Orrstown Financial Services, Inc. Common, Restricted Stock — 2,500 shares (Direct, null); Orrstown Financial Services, Inc, Common Stock — 25,561 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Restricted stock grant 1,500 shares Grant of restricted common stock on May 5, 2026
Grant price $0.00 per share Price for the 1,500-share restricted stock award
Common shares held 25,561 shares Total common stock directly held after transactions
Restricted shares held 2,500 shares Total restricted stock directly held after the grant
Vesting period 18 months Restricted stock vests on various dates over this period
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."
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
non-derivative financial
"transaction_type: non-derivative"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Joiner Cindy Jeannette
(Last)(First)(Middle)
4750 LINDLE ROAD
(Street)
HARRISBURG PENNSYLVANIA 17111
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
ORRSTOWN FINANCIAL SERVICES INC [ ORRF ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Orrstown Financial Services, Inc. Common, Restricted Stock05/05/2026A1,500A$02,500(1)D
Orrstown Financial Services, Inc, Common Stock25,561D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Restricted stock with various vesting dates over the next 18 months.
Remarks:
/s/ Casara I Kieffer as P.O.A.05/06/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did ORRF director Cindy Jeannette Joiner report in this Form 4?

She reported receiving a grant of 1,500 shares of restricted Orrstown Financial Services common stock. The shares were granted as equity compensation at $0.00 per share and vest on various dates over the next 18 months, rather than through an open-market purchase.

How many restricted ORRF shares were granted to Cindy Joiner?

Cindy Joiner was granted 1,500 shares of restricted Orrstown Financial Services common stock. These restricted shares are subject to various vesting dates over the next 18 months, meaning they become fully hers only as the vesting schedule is satisfied over time.

What is Cindy Joiner’s ORRF shareholding after this reported transaction?

After the reported grant, Cindy Joiner directly holds 25,561 shares of Orrstown common stock plus 2,500 shares of restricted stock. This reflects her updated ownership position as disclosed in the Form 4, combining both fully owned and time-vested equity awards.

Was the ORRF Form 4 transaction an open-market buy or sell?

No, the reported ORRF transaction was not an open-market buy or sell. It was coded as an “A” transaction, indicating a grant, award, or other acquisition of 1,500 restricted shares as compensation at $0.00 per share, rather than a market trade.

What does the vesting description mean for ORRF restricted stock?

The filing notes the restricted stock has various vesting dates over the next 18 months. This means Cindy Joiner’s 1,500-share award becomes fully owned in stages over that period, encouraging ongoing service while delaying full transferability until vesting milestones are met.