Orrstown (ORRF) director awarded 1,000 restricted shares in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Orrstown Financial Services director granted restricted stock
Director John Rodney Messick received 1,000 shares of Orrstown Financial Services, Inc. restricted common stock on January 29, 2026 at a price of $0, increasing his restricted stock holdings to 3,500 shares. This new restricted grant is scheduled to vest on May 3, 2027, while his other restricted shares vest on various dates over the next 18 months. Separately, he also holds 9,667 shares of Orrstown common stock as a direct ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Messick John Rodney
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Orrstown Financial Services, Inc. Common, Restricted Stock | 1,000 | $0.00 | -- |
| holding | Orrstown Financial Services, Inc, Common Stock | -- | -- | -- |
Holdings After Transaction:
Orrstown Financial Services, Inc. Common, Restricted Stock — 3,500 shares (Direct);
Orrstown Financial Services, Inc, Common Stock — 9,667 shares (Direct)
Footnotes (1)
- Restricted Stock with Vesting Date of May 3, 2027 Restricted stock with various vesting dates over the next 18 months.
FAQ
What insider transaction did ORRF director John Rodney Messick report?
Director John Rodney Messick reported receiving 1,000 shares of Orrstown Financial Services restricted common stock. The grant was dated January 29, 2026 at a price of $0 per share, reflecting an equity compensation award rather than an open-market purchase.
What is the vesting schedule for John Rodney Messick’s new ORRF restricted stock?
The newly granted 1,000 shares of Orrstown restricted stock to John Rodney Messick vest on May 3, 2027. Additional restricted stock holdings are subject to various vesting dates over the following 18 months, reflecting a staggered vesting structure tied to service or performance.
What does transaction code "A" mean in the ORRF Form 4 filing?
Transaction code “A” in the Form 4 for Orrstown indicates an acquisition of securities. Here, it reflects the grant of 1,000 shares of restricted common stock to director John Rodney Messick as part of his equity compensation, rather than a market trade.