Orrstown EVP granted stock; shares withheld for taxes
Orrstown Financial Services EVP and Chief Revenue Officer Zachary Moses Khuri reported equity award and tax-withholding transactions in company stock.
Rhea-AI Filing Summary
Orrstown Financial Services EVP and Chief Revenue Officer Zachary Moses Khuri reported equity award and tax-withholding transactions in company stock. He received 2,122 shares of Orrstown Financial Services, Inc. common restricted stock and 2,587 restricted stock units as grants at a stated price of $0.0000 per share.
To cover tax obligations, 372 restricted shares and 1,651 restricted stock units were disposed of at $37.64 per share through tax-withholding dispositions, rather than open-market sales. Following these transactions, his directly held Orrstown common stock position was 20,944 shares, with additional restricted shares and units subject to time- and performance-based vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Orrstown Financial Services, Inc. Common, Restricted Stock | 372 | $37.64 | $14K |
| Grant/Award | Orrstown Financial Services, Inc. Common, Restricted Stock | 2,122 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. | 1,651 | $37.64 | $62K |
| Grant/Award | Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. | 2,587 | $0.00 | $0.00 |
| holding | Orrstown Financial Services, Inc, Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Time-vested restricted stock with various vesting dates over the next three years
- F2. Restricted stock units vesting three years after the date of the award based on pre-established company performance criteria.
FAQ
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What insider transactions did Zachary Moses Khuri report for ORRF?
What were the tax-withholding dispositions reported by Zachary Moses Khuri in ORRF stock?
What are the vesting terms for Zachary Moses Khuri’s ORRF equity awards?
Did the ORRF Form 4 show open-market buying or selling by Zachary Moses Khuri?
AI-generated analysis. How Rhea-AI works. Not financial advice.