Metz Adam L 4
4 · ORRSTOWN FINANCIAL SERVICES INC · Filed Jul 3, 2024
Insider Transaction Report
Form 4
Metz Adam L
SEVP, Chief Operating Officer
Transactions
- Tax Payment
Orrstown Financial Services, Inc. Common, Restricted Stock
2024-07-01$27.36/sh−2,073$56,717→ 0 total - Award
Orrstown Financial Services, Inc. Common, Restricted Stock
2024-07-01+6,667→ 6,667 total
Holdings
- 15,322
Orrstown Financial Services, Inc, Common Stock
- 9,717
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]Includes 2,925 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.