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Orrstown (NASDAQ: ORRF) EVP Christopher Orr receives restricted stock awards

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

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

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Negative

  • None.
SEC Form 4
FORM 4 UNITED 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*
Orr Christopher

(Last) (First) (Middle)
4750 LINDLE ROAD

(Street)
HARRISBURG PA 17111

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ORRSTOWN FINANCIAL SERVICES INC [ ORRF ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP Chief Information Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Orrstown Financial Services, Inc., Common, Restricted Stock 02/17/2026 A 1,915 A $0 4,415(1) D
Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. 02/17/2026 A 1,915 A $0 1,915(2) D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Restricted stock with various vesting dates over the next 3 years.
2. Restricted stock units vesting three years after the date of the award based on pre-established company performance criteria.
Remarks:
/s/ Casara I Kieffer as P.O.A. 02/19/2026
** Signature of Reporting Person Date
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.

FAQ

What insider transaction did Orrstown Financial Services (ORRF) report?

Orrstown reported equity awards to EVP and Chief Information Officer Christopher Orr. He received 1,915 restricted common shares and 1,915 restricted stock units, both granted at a stated price of $0.00 per share, reflecting compensation rather than an open-market stock purchase.

How many Orrstown Financial Services (ORRF) shares did Christopher Orr acquire?

Christopher Orr acquired 1,915 restricted shares of Orrstown common stock. These are subject to vesting over the next three years, meaning he gains full ownership rights gradually rather than immediately, aligning his compensation with longer-term company performance and retention.

What restricted stock units did Christopher Orr receive from Orrstown Financial Services (ORRF)?

He received 1,915 restricted stock units tied to Orrstown common stock. These units vest three years after the award date and depend on pre-established company performance criteria, so the final benefit to Orr will depend on meeting those performance goals.

What is Christopher Orr’s Orrstown Financial Services (ORRF) shareholding after the Form 4?

After the reported awards, Christopher Orr directly holds 4,415 shares of Orrstown common stock. In addition, he holds 1,915 restricted stock units that will vest in three years based on company performance, increasing his potential future ownership stake.

How do the Orrstown Financial Services (ORRF) awards to Christopher Orr vest?

The restricted stock grants vest on various dates over the next three years. The restricted stock units vest three years after the award date and depend on pre-set company performance criteria, linking Orr’s realized compensation to Orrstown’s longer-term operating results.
Orrstown Finl Svcs Inc

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