Coradi Robert G 4
4 · ORRSTOWN FINANCIAL SERVICES INC · Filed Jul 3, 2024
Insider Transaction Report
Form 4
Coradi Robert G
EVP, Chief Risk Officer
Transactions
- Award
Orrstown Financial Services, Inc. Common, Restricted Stock
2024-07-01+10,000→ 10,000 total - Tax Payment
Orrstown Financial Services, Inc. Common, Restricted Stock
2024-07-01$27.36/sh−2,156$58,988→ 0 total
Holdings
- 9,974
Orrstown Financial Services, Inc., Common, Rest. Stock. Unt.
- 38,820
Orrstown Financial Services, Inc, Common Stock
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]Includes 18,167 shares owned jointly with the reporting persons spouse
- [F3]Restricted stock units vesting three years after the date of the award based on pre-established company performance criteria.