Orrstown Financial (ORRF) EVP exercises options and sells 3,002 shares
Rhea-AI Filing Summary
Orrstown Financial Services EVP, Chief Admin. Officer Amy Doll reported multiple equity transactions. On July 24, 2026 she exercised stock options for 3,134, 2,309 and 1,998 shares at exercise prices of $21.23, $25.99 and $29.92 per share through a cashless exercise in which part of the option shares were withheld to cover the exercise price, resulting in issuances of 1,549, 879 and 574 Orrstown common shares.
On July 27, 2026 she sold 3,002 Orrstown common shares at $41.61 per share in an open-market or private transaction. She also reports holdings of 4,356 restricted shares that vest over the next three years and 5,260 restricted stock units that vest three years after grant based on pre-established company performance criteria.
Positive
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Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
DOLL AMY
Role
EVP, Chief Admin. Officer
Sold
3,002 shs ($125K)
Approx. gross sale proceeds
$125K
Approx. exercise cost
$186K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Orrstown Financial Services, Inc, Common Stock | 3,002 | $41.61 | $125K |
| Exercise | Stock Option (right to buy) | 3,134 | $41.96 | $132K |
| Exercise | Stock Option (right to buy) | 2,309 | $41.96 | $97K |
| Exercise | Stock Option (right to buy) | 1,998 | $41.96 | $84K |
| Exercise | Orrstown Financial Services, Inc, Common Stock F1 | 1,549 | $21.23 | $33K |
| Exercise | Orrstown Financial Services, Inc, Common Stock F1 | 879 | $25.99 | $23K |
| Exercise | Orrstown Financial Services, Inc, Common Stock F1 | 574 | $29.92 | $17K |
| holding | Orrstown Financial Services, Inc. Common, Restricted Stock F2 | -- | -- | -- |
| holding | Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. F3 | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct);
Orrstown Financial Services, Inc, Common Stock — 25,669 shares (Direct);
Orrstown Financial Services, Inc. Common, Restricted Stock — 4,356 shares (Direct);
Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. — 5,260 shares (Direct)
Footnotes (3)
- F1. Cashless exercise of stock options pursuant to which a portion of the option shares were withheld to cover payment of the exercise price
- F2. Restricted stock with various vesting dates over the next 3 years.
- F3. Restricted stock units vesting three years after the date of the award based on pre-established company performance criteria.
Key Figures
Common shares sold: 3,002 shares
Sale price per share: $41.61
Options exercised at $21.23: 3,134 options
+4 more
7 metrics
Common shares sold
3,002 shares
Sale of Orrstown common stock on July 27, 2026 at $41.61 per share
Sale price per share
$41.61
Per-share price for 3,002 Orrstown common shares sold on July 27, 2026
Options exercised at $21.23
3,134 options
Stock options exercised on July 24, 2026 with $21.23 exercise price
Options exercised at $25.99
2,309 options
Stock options exercised on July 24, 2026 with $25.99 exercise price
Options exercised at $29.92
1,998 options
Stock options exercised on July 24, 2026 with $29.92 exercise price
Restricted stock holdings
4,356 shares
Restricted Orrstown common stock vesting over the next three years
Restricted stock unit holdings
5,260 units
RSUs vesting three years after award based on company performance
Key Terms
cashless exercise of stock options, restricted stock, restricted stock units, pre-established company performance criteria, +1 more
5 terms
cashless exercise of stock options financial
"Cashless exercise of stock options pursuant to which a portion of the option shares"
restricted stock financial
"Restricted stock with various vesting dates over the next 3 years."
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.
restricted stock units financial
"Restricted stock units vesting three years after the date of the award"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
pre-established company performance criteria financial
"based on pre-established company performance criteria."
exercise or conversion of derivative security financial
"transaction code description: Exercise or conversion of derivative security"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stock transactions did Amy Doll report for ORRF in this Form 4?
Amy Doll reported exercising stock options on July 24, 2026 via cashless exercise and then selling 3,002 Orrstown common shares on July 27, 2026. The sale was reported as an open-market or private transaction at a stated per-share price.
Which stock options did Amy Doll exercise in Orrstown Financial Services (ORRF)?
On July 24, 2026 Amy Doll exercised options on 3,134, 2,309 and 1,998 shares with exercise prices of $21.23, $25.99 and $29.92 per share. These exercises were reported as derivative transactions with stock options disposed upon exercise.
What restricted stock and RSU holdings does Amy Doll report for ORRF?
Amy Doll reports 4,356 restricted shares of Orrstown common stock that vest over the next three years and 5,260 restricted stock units that vest three years after the award date based on pre-established company performance criteria, as noted in the holding entries and related footnotes.
Are Amy Doll’s ORRF option exercises described as cashless?
Yes. A footnote states the transactions were a cashless exercise of stock options in which a portion of the option shares was withheld to cover payment of the exercise price, instead of paying the option cost in cash.