ORRF EVP reports new restricted stock and RSUs
Orrstown Financial Services EVP Philip E. Fague reported equity compensation and related tax-withholding transactions in company stock.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Orrstown Financial Services EVP Philip E. Fague reported equity compensation and related tax-withholding transactions in company stock. On February 17, he received 1,776 shares of time-vested restricted common stock and 3,184 restricted stock units as grants with no cash price per share.
To cover tax obligations, the company withheld 300 restricted shares and 1,291 restricted stock units at a price of $37.64 per share, classified as tax-withholding dispositions rather than open-market sales. Following these transactions, his direct common stock holdings totaled 46,782 shares, which includes 40,130 shares owned jointly with his spouse, along with additional restricted stock and units scheduled to vest over time based on service and performance conditions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Orrstown Financial Services, Inc. Common, Restricted Stock | 300 | $37.64 | $11K |
| Grant/Award | Orrstown Financial Services, Inc. Common, Restricted Stock | 1,776 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. | 1,291 | $37.64 | $49K |
| Grant/Award | Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. | 3,184 | $0.00 | $0.00 |
| holding | Orrstown Financial Services, Inc, Common Stock | -- | -- | -- |
Footnotes (3)
- F1. Time-vested restricted stock with various vesting dates over the next three years
- F2. Restricted stock units vesting three years after the date of the award based on pre-established company performance criteria.
- F3. Includes 40,130 shares owned jointly with the reporting persons spouse
AI-generated analysis. How Rhea-AI works. Not financial advice.