Orrstown director awarded 1,500 restricted shares
Rice Michael John reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Rice Michael John reported acquisition or exercise transactions in this Form 4 filing.
Orrstown Financial Services director Michael John Rice reported a routine equity compensation grant. He received 1,500 shares of restricted common stock at $0.00 per share as a grant or award, with footnotes stating the restricted stock vests on various dates over the next 18 months. Following the grant, he directly holds 24,552 shares of Orrstown common stock and 2,500 restricted shares, reflecting his ongoing equity stake rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,500 shares
Grant/Award
2 txns
Insider
Rice Michael John
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Orrstown Financial Services, Inc. Common, Restricted Stock | 1,500 | $0.00 | $0.00 |
| holding | Orrstown Financial Services, Inc, Common Stock | -- | -- | -- |
Holdings After Transaction:
Orrstown Financial Services, Inc. Common, Restricted Stock — 2,500 shares (Direct);
Orrstown Financial Services, Inc, Common Stock — 24,552 shares (Direct)
Footnotes (1)
- F1. Restricted stock with various vesting dates over the next 18 months.
Key Figures
Restricted stock grant: 1,500 shares
Grant price per share: $0.00 per share
Restricted shares after grant: 2,500 shares
+2 more
5 metrics
Restricted stock grant
1,500 shares
Grant of Orrstown restricted common stock to director Rice
Grant price per share
$0.00 per share
Reported price for the 1,500-share restricted stock award
Restricted shares after grant
2,500 shares
Total restricted Orrstown shares held directly after transaction
Common shares held
24,552 shares
Direct holdings of Orrstown common stock after reported transactions
Vesting period
18 months
Restricted stock vests on various dates over the next 18 months
Key Terms
Restricted stock, vesting, Grant, award, or other acquisition, non-derivative, +1 more
5 terms
Restricted stock financial
"Restricted stock with various vesting dates over the next 18 months."
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.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
non-derivative financial
""transaction_type": "non-derivative""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Orrstown (ORRF) director Michael John Rice report on this Form 4?
He reported receiving a grant of 1,500 shares of restricted Orrstown Financial Services common stock. This is a stock award, not an open-market trade, and reflects routine director compensation rather than a discretionary purchase or sale in the market.
What are Michael John Rice’s Orrstown (ORRF) holdings after this transaction?
After the reported grant, Michael John Rice directly holds 24,552 shares of Orrstown common stock and 2,500 restricted shares. These figures come from the post-transaction ownership columns, showing his ongoing equity position as a company director following the stock award.
Does this Orrstown (ORRF) Form 4 show any insider stock sales?
No insider stock sales are shown in this Form 4. The filing reflects a grant of 1,500 restricted shares to Michael John Rice and a separate holding entry, with no transactions identified as open-market sales or dispositions of Orrstown Financial Services common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
