Joiner Cindy Jeannette 4

What Happened Cindy Jeannette Joiner, a director of Orrstown Financial Services, was granted 1,000 shares as a restricted stock award on January 29, 2026. The reported acquisition price is $0.00 (award), so the filing lists a $0 cash outlay. This is an award/compensation event (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-29; Filing date (Form 4): 2026-02-02 — the filing appears timely under Section 16 rules.
• Amount and price: 1,000 shares acquired at $0.00 (award).
• Vesting/footnotes: Footnote F1 notes restricted stock with a vesting date of May 3, 2027; F2 indicates additional restricted shares vest in tranches over the next ~18 months. The filing implies staged vesting rather than immediate full ownership.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Transaction type: Award/grant (A). No 10b5-1 plan, tax-withholding, or sale reported in the supplied details.

Context Restricted stock awards are a form of compensation designed to retain directors/executives and align interests with shareholders; they vest over time and are not an immediate market signal of buying or selling intent. This filing documents the grant and the vesting schedule but does not indicate any disposition or immediate liquidity event.