Segal Eric Andrew 4

What Happened

• Eric Segal (listed on the filing as Segal Eric Andrew), a director of Orrstown Financial Services, was granted 1,000 restricted shares on January 29, 2026. The shares were awarded at $0.00 (no cash paid), so the reported acquisition value is $0.00. This is a compensation-related award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-01-29; 1,000 shares @ $0.00 (grant/award).
• Vesting: Footnote F1 states restricted stock with a vesting date of May 3, 2027; F2 indicates additional restricted stock with various vesting dates over the next 18 months.
• Ownership note: Footnote F3 reports 8,804 shares are owned jointly with the reporting person’s spouse. The filing provided does not state a total "shares owned following the transaction" in the summary data you provided.
• Timeliness: The Form 4 was filed on Feb 2, 2026 (within the 2-business-day window following the Jan 29 transaction), so the filing appears timely.

Context

• This was a restricted share award (compensation/retention), which is common for directors and does not represent an open-market buy or sell. Such grants align insiders’ interests with shareholders as the shares vest; they do not alone indicate the insider’s view on short-term stock direction.