Orrstown EVP granted restricted stock awards
Orrstown Financial Services executive Christopher Orr, EVP and Chief Information Officer, reported two equity awards in the form of restricted stock and restricted stock units.
Rhea-AI Filing Summary
Orrstown Financial Services executive Christopher Orr, EVP and Chief Information Officer, reported two equity awards in the form of restricted stock and restricted stock units. He acquired 1,915 shares of restricted common stock and 1,915 restricted stock units at a stated price of $0.00 per share.
The restricted stock carries various vesting dates over the next three years, while the restricted stock units vest three years after the award date based on pre-established company performance criteria. Following these awards, his directly held common shares increased to 4,415, and he holds 1,915 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Orrstown Financial Services, Inc., Common, Restricted Stock | 1,915 | $0.00 | $0.00 |
| Grant/Award | Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. | 1,915 | $0.00 | $0.00 |
Footnotes (2)
- F1. Restricted stock with various vesting dates over the next 3 years.
- F2. Restricted stock units vesting three years after the date of the award based on pre-established company performance criteria.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Orrstown Financial Services (ORRF) report?
What restricted stock units did Christopher Orr receive from Orrstown Financial Services (ORRF)?
How do the Orrstown Financial Services (ORRF) awards to Christopher Orr vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.