Orrstown director granted 1,500 restricted shares
Orrstown Financial Services, Inc. director John Rodney Messick reported a compensation-related stock grant.
Rhea-AI Filing Summary
Orrstown Financial Services, Inc. director John Rodney Messick reported a compensation-related stock grant. He received 1,500 shares of restricted common stock at a price of $0.00 per share, classified as a grant or award acquisition.
After this grant, Messick directly holds 2,500 shares of Orrstown restricted common stock. A separate holding entry shows he also directly owns 9,666 shares of Orrstown common stock. The restricted stock carries various vesting dates over the next 18 months, meaning the shares become fully available to him gradually over that period.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,500 shares
Grant/Award
2 txns
Insider
Messick John Rodney
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 — 9,666 shares (Direct)
Footnotes (1)
- F1. Restricted stock with various vesting dates over the next 18 months.
Key Figures
Restricted stock grant: 1,500 shares
Restricted shares after grant: 2,500 shares
Common shares held: 9,666 shares
+1 more
4 metrics
Restricted stock grant
1,500 shares
Grant of Orrstown restricted common stock at $0.00 per share
Restricted shares after grant
2,500 shares
Total Orrstown restricted common stock directly held after award
Common shares held
9,666 shares
Orrstown common stock directly owned after reported transactions
Vesting period
18 months
Restricted stock vests on various dates over next 18 months
Key Terms
Restricted stock, Grant, award, or other acquisition, Form 4, Vesting
4 terms
Restricted stock financial
"He received 1,500 shares of restricted common stock at a price of $0.00 per share."
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
"He received 1,500 shares of Orrstown restricted common stock, classified as a grant or award acquisition."
Form 4 regulatory
"The Form 4 states that following the 1,500-share award, he directly owns a total of 2,500 shares."
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.
Vesting financial
"The restricted stock carries 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Orrstown (ORRF) director John Rodney Messick report in this Form 4?
He reported a grant of 1,500 restricted shares. The filing shows he received 1,500 shares of Orrstown restricted common stock as a compensation-related award at $0.00 per share, increasing his directly held restricted stock position.
What are the vesting terms of the Orrstown (ORRF) restricted stock grant?
The restricted stock vests over the next 18 months. A footnote explains that the granted Orrstown restricted shares have various vesting dates spread across an 18‑month period, so the director gains full access to the shares gradually.
Was the Orrstown (ORRF) director’s transaction an open-market purchase or sale?
No, it was a grant, not a market trade. The Form 4 classifies the 1,500-share transaction under code A as a grant, award, or other acquisition at $0.00 per share, indicating compensation rather than buying or selling in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
