Orrstown (NASDAQ: ORRF) COO receives new restricted stock and RSU grants

Rhea-AI Filing Summary

Orrstown Financial Services EVP and Chief Operations Officer Benjamin H. Colvard IV received equity awards in the form of restricted stock and restricted stock units. On February 17, 2026, he acquired 1,547 shares of restricted common stock and 1,547 restricted stock units at a price of $0.00 per share as a grant.

The restricted stock carries various vesting dates over the next three years, while the restricted stock units vest three years after the grant date based on pre-established company performance criteria. Following these awards, he directly holds 4,047 shares of restricted common stock and 1,547 restricted stock units.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Colvard Benjamin H IV

Role EVP, Chief Operations Officer

Type	Security	Shares	Price	Value
Grant/Award	Orrstown Financial Services, Inc., Common, Restricted Stock	1,547	$0.00	--
Grant/Award	Orrstown Financial Services, Inc., Common, Rest. Stock. Unt.	1,547	$0.00	--

Holdings After Transaction: Orrstown Financial Services, Inc., Common, Restricted Stock — 4,047 shares (Direct); Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. — 1,547 shares (Direct)

Footnotes (1)

1. Restricted stock with various vesting dates over the next 3 years. Restricted stock units vesting three years after the date of the award based on pre-established company performance criteria.

Form 4 Insider Transactions: What Each Field Means →

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^*

Colvard Benjamin H IV

(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 Operations 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		1,547	A	$0	4,047(1)	D
Orrstown Financial Services, Inc., Common, Rest. Stock. Unt.	02/17/2026		A		1,547	A	$0	1,547(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 ORRF executive Benjamin H. Colvard IV report?

Benjamin H. Colvard IV reported receiving equity awards, not open-market trades. He was granted 1,547 restricted common shares and 1,547 restricted stock units at $0.00 per share, reflecting compensation-based awards rather than a purchase or sale in the market.

How many ORRF restricted shares did Benjamin H. Colvard IV receive?

He received 1,547 shares of Orrstown Financial Services restricted common stock. These shares are subject to various vesting dates over the next three years, meaning he earns full ownership over time rather than immediately at the grant date.

What restricted stock units (RSUs) did Benjamin H. Colvard IV receive from ORRF?

He received 1,547 restricted stock units of Orrstown Financial Services. These RSUs vest three years after the award date and depend on pre-established company performance criteria, tying a portion of his compensation directly to Orrstown’s longer-term business results.

What was the transaction price for the ORRF equity awards to Benjamin H. Colvard IV?

Both the restricted stock and restricted stock units were granted at $0.00 per share. This indicates they were part of an equity compensation program, awarded by the company rather than acquired through a cash purchase in the open market.

How many ORRF shares does Benjamin H. Colvard IV hold after these awards?

After the awards, he directly holds 4,047 shares of restricted common stock and 1,547 restricted stock units. These positions represent his granted equity-based compensation, subject to the stated time-based and performance-based vesting conditions before becoming fully earned.

Are Benjamin H. Colvard IV’s ORRF equity awards subject to vesting conditions?

Yes, both awards are subject to vesting. The restricted stock has various vesting dates over the next three years, while the restricted stock units vest three years after grant and depend on meeting pre-established Orrstown Financial Services performance criteria.