Orrstown director (NASDAQ: ORRF) reports 120-share stock gift
Rhea-AI Filing Summary
Orrstown Financial Services director Joel R. Zullinger reported a bona fide gift transfer of 120 shares of Orrstown common stock on July 30, 2026 at $43.49 per share. After the gift, he directly holds 54,252 common shares, including 3,485 owned jointly with his spouse, plus 4,600 restricted shares that vest over the next 18 months.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 120 shares
Net Sell
2 txns
Insider
ZULLINGER JOEL R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Orrstown Financial Services, Inc, Common Stock F1 | 120 | $43.49 | $5K |
| holding | Orrstown Financial Services, Inc. Common, Restricted Stock F2 | -- | -- | -- |
Holdings After Transaction:
Orrstown Financial Services, Inc, Common Stock — 54,252 shares (Direct);
Orrstown Financial Services, Inc. Common, Restricted Stock — 4,600 shares (Direct)
Footnotes (2)
- F1. Includes 3,485 shares owned jointly with the reporting persons spouse
- F2. Restricted stock with various vesting dates over the next 18 months.
Key Figures
Gifted shares: 120 shares
Gift price: $43.49 per share
Common shares after gift: 54,252 shares
+2 more
5 metrics
Gifted shares
120 shares
Bona fide gift of Orrstown common stock on July 30, 2026
Gift price
$43.49 per share
Per-share value reported for the 120-share gift transaction
Common shares after gift
54,252 shares
Direct Orrstown common stock holdings after the gift, including jointly owned shares
Jointly owned shares
3,485 shares
Portion of post-gift common holdings owned jointly with spouse
Restricted stock holdings
4,600 shares
Restricted stock position with various vesting dates over the next 18 months
Key Terms
bona fide gift, restricted stock, vesting
3 terms
bona fide gift regulatory
"Transaction code G is described as a bona fide gift."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
restricted stock financial
"Orrstown Financial Services, Inc. Common, Restricted Stock"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did ORRF director Joel R. Zullinger report?
Joel R. Zullinger reported a bona fide gift of 120 shares of Orrstown Financial Services common stock on July 30, 2026 at $43.49 per share, classified under transaction code G.
Does Joel R. Zullinger hold restricted ORRF stock and how much?
Yes. Zullinger is reported holding 4,600 shares of Orrstown Financial Services restricted stock. A footnote states this restricted stock has various vesting dates over the next 18 months, indicating a time-based vesting schedule.