Gayman Jeffrey S 4
4 · ORRSTOWN FINANCIAL SERVICES INC · Filed Jul 3, 2024
Insider Transaction Report
Form 4
Gayman Jeffrey S
EVP, Mortgage & Retail
Transactions
- Tax Payment
Orrstown Financial Services, Inc. Common, Restricted Stock
2024-07-01$27.36/sh−1,722$47,114→ 0 total - Award
Orrstown Financial Services, Inc. Common, Restricted Stock
2024-07-01+6,667→ 6,667 total
Holdings
- 12,958
Orrstown Financial Services, Inc, Common Stock
- 8,196
Orrstown Financial Services, Inc., Common, Rest. Stock. Unt.
Footnotes (3)
- [F1]Represents an award of shares of restricted stock of ORRF vesting on July 28, 2025 upon achievement of targeted expense savings based on ORRFs going forward annual expense run rate at June 30, 2025 compared to the combined reported expenses of ORRF and CVLY (excluding merger-related and other extraordinary expenses in both cases) for the year ended December 31, 2023.
- [F2]These shares consist of 5,147 shares held jointly with the reporting persons spouse and 10 shares held by the reporting person's children.
- [F3]Restricted stock units vesting three years after the date of the award based on pre-established company performance criteria.