Director at Orrstown (ORRF) receives 1,500-share restricted stock award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BROBST BARBARA E reported acquisition or exercise transactions in this Form 4 filing.

Orrstown Financial Services, Inc. director Barbara E. Brobst reported a compensation-related stock award and updated holdings. She received 1,500 shares of restricted common stock as a grant, with the shares vesting on various dates over the next 18 months.

After this award, she directly holds 2,500 shares of restricted common stock and a total of 12,500 shares of common stock, including 11,000 shares held jointly with her spouse. The filing shows no open‑market buying or selling activity.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider BROBST BARBARA E

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 — 12,500 shares (Direct, null)

Footnotes (1)

Restricted stock with various vesting dates over the next 18 months. Includes 11,000 shares held jointly with reporting person's spouse.

Key Figures

Restricted stock grant: 1,500 shares Restricted shares after grant: 2,500 shares Total common shares held: 12,500 shares +2 more

5 metrics

Restricted stock grant 1,500 shares Restricted common stock awarded to director on May 5, 2026

Restricted shares after grant 2,500 shares Total restricted common stock held directly after award

Total common shares held 12,500 shares Common stock holdings following reported transactions

Jointly held shares 11,000 shares Common shares held jointly with spouse, included in total

Grant price per share $0.00 per share Reported price for restricted stock award

Key Terms

Restricted stock, Grant, award, or other acquisition, vesting, held jointly

4 terms

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.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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.

held jointly financial

"Includes 11,000 shares held jointly with reporting person's spouse."

Form 4 Insider Transactions: What Each Field Means →

05/06/2026 - 04:22 PM

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^*

BROBST BARBARA E

(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)

X	Director	10% 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)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Orrstown Financial Services, Inc. Common, Restricted Stock	05/05/2026		A		1,500	A	$0	2,500⁽¹⁾	D
Orrstown Financial Services, Inc, Common Stock								12,500⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Restricted stock with various vesting dates over the next 18 months.

2. Includes 11,000 shares held jointly with reporting person's spouse.

Remarks:

	/s/ Casara I Kieffer as P.O.A.	05/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did ORRF director Barbara Brobst report?

Barbara E. Brobst reported receiving 1,500 shares of restricted common stock as a grant. These shares vest over the next 18 months, reflecting routine equity-based compensation rather than an open-market purchase or sale of Orrstown Financial Services (ORRF) stock.

How many Orrstown Financial (ORRF) shares does Barbara Brobst hold after this Form 4?

After the reported transactions, Barbara E. Brobst holds 12,500 shares of Orrstown common stock. This total includes 11,000 shares held jointly with her spouse and 2,500 shares of restricted common stock awarded as director compensation.

Were there any open-market buys or sells of ORRF stock in this Form 4?

No open-market purchases or sales were reported in this Form 4. The main transaction was a grant of 1,500 restricted shares to director Barbara E. Brobst, reflected as a compensation award rather than a discretionary market trade in Orrstown Financial (ORRF) stock.

What are the vesting terms of Barbara Brobst’s ORRF restricted stock?

The 1,500 restricted shares granted to Barbara E. Brobst vest on various dates over the next 18 months. This staged vesting schedule ties the equity compensation to continued service, a common structure for director awards at companies like Orrstown Financial (ORRF).

How many Orrstown (ORRF) shares are held jointly by Barbara Brobst and her spouse?

The filing states that 11,000 Orrstown Financial common shares are held jointly with Barbara E. Brobst’s spouse. These jointly held shares are included within her total reported ownership of 12,500 common shares following the restricted stock award.