Orrstown (NASDAQ: ORRF) director awarded 1,500 restricted shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

FAINOR SCOTT V reported acquisition or exercise transactions in this Form 4 filing.

Orrstown Financial Services, Inc. director Scott V. Fainor reported a compensation-related equity award. He received 1,500 shares of restricted common stock on grant, at a stated price of $0.0000 per share, increasing his restricted stock holdings to 2,500 shares.

The restricted stock carries various vesting dates over the next 18 months. Separately, he directly holds 15,896 shares of Orrstown common stock, which include 4,375 shares owned jointly with his spouse. The filing does not show any open-market purchases or sales.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider FAINOR SCOTT V

Role null

Type	Security	Shares	Price	Value
Grant/Award	Orrstown Financial Services, Inc. Common, Restricted Stock	1,500	$0.00	--
holding	Orrstown Financial Services, Inc, Common Stock	--	--	--

Holdings After Transaction: Orrstown Financial Services, Inc. Common, Restricted Stock — 2,500 shares (Direct, null); Orrstown Financial Services, Inc, Common Stock — 15,896 shares (Direct, null)

Footnotes (1)

Restricted stock with various vesting dates over the next 18 months. Includes 4,375 shares owned jointly with the reporting persons spouse

Key Figures

Restricted stock grant: 1,500 shares Grant price: $0.0000 per share Restricted shares after grant: 2,500 shares +3 more

6 metrics

Restricted stock grant 1,500 shares Grant of restricted common stock to director on May 5, 2026

Grant price $0.0000 per share Stated price for 1,500-share restricted stock award

Restricted shares after grant 2,500 shares Total restricted stock held by Scott V. Fainor after award

Common shares held 15,896 shares Total Orrstown common stock directly held after reported transactions

Jointly owned shares 4,375 shares Portion of common shares owned jointly with spouse

Vesting period 18 months Restricted stock vests on various dates over the next 18 months

Key Terms

Restricted stock, Grant, award, or other acquisition, vesting dates, Form 4, +1 more

5 terms

Restricted stock financial

"Orrstown Financial Services, Inc. Common, Restricted Stock"

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

"transaction_code_description": "Grant, award, or other acquisition"

vesting dates financial

"Restricted stock with various vesting dates over the next 18 months"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

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.

non-derivative financial

"transaction_type": "non-derivative""

Form 4 Insider Transactions: What Each Field Means →

05/06/2026 - 04:21 PM

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^*

FAINOR SCOTT V

(Last)

(First)

(Middle)

4750 LINDLE ROAD

(Street)

HARRISBURG

PENNSYLVANIA

17111

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ORRSTOWN FINANCIAL SERVICES INC [ ORRF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Orrstown Financial Services, Inc. Common, Restricted Stock	05/05/2026		A		1,500	A	$0	2,500⁽¹⁾	D
Orrstown Financial Services, Inc, Common Stock								15,896⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Restricted stock with various vesting dates over the next 18 months.

2. Includes 4,375 shares owned jointly with the reporting persons spouse

Remarks:

	/s/ Casara I Kieffer as P.O.A.	05/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Orrstown (ORRF) director Scott V. Fainor report?

Scott V. Fainor reported receiving 1,500 shares of restricted Orrstown common stock as a grant. This award is compensation-related, carries a grant price of $0.0000 per share, and increases his restricted stock holdings to 2,500 shares in total.

How many Orrstown (ORRF) restricted shares does Scott V. Fainor now hold?

After the reported grant, Scott V. Fainor holds 2,500 shares of Orrstown restricted common stock. The newly awarded 1,500 restricted shares have various vesting dates scheduled over the next 18 months, reflecting a staggered vesting structure for this equity compensation.

Does the Orrstown (ORRF) Form 4 show any stock sales by Scott V. Fainor?

The Form 4 does not show any open-market stock sales by Scott V. Fainor. It records a grant of 1,500 restricted shares and a holding line for 15,896 common shares, indicating no reported purchases or sales in the open market in this filing.

What are the vesting terms of Scott V. Fainor’s restricted Orrstown (ORRF) shares?

The restricted Orrstown shares granted to Scott V. Fainor vest on various dates over the next 18 months. This means portions of the 1,500-share award will become fully owned across multiple vesting dates rather than all at once, aligning with typical equity compensation practices.

How many Orrstown (ORRF) common shares does Scott V. Fainor own directly and jointly?

Scott V. Fainor holds 15,896 Orrstown common shares directly, according to the Form 4. This total includes 4,375 shares owned jointly with his spouse, reflecting a mix of individually and jointly held ownership positions in Orrstown Financial Services, Inc. stock.