GIAMBALVO JOHN W 4

What Happened

• John W. Giambalvo, a director of Orrstown Financial Services, received a grant of 1,000 restricted shares on January 29, 2026. The award is recorded at $0.00 per share (total $0 at grant) and is compensation-style restricted stock rather than an open-market purchase.

Key Details

• Transaction date: 2026-01-29; grant price reported: $0.00 per share; shares granted: 1,000.
• Shares owned after transaction: not specified in the Form 4 filing.
• Footnotes: F1 indicates restricted stock with a vesting date of May 3, 2027; F2 notes restricted stock with various vesting dates over the next 18 months (per the filing).
• Filing timeliness: Form 4 was filed on 2026-02-02 and appears to be timely (within the SEC’s two-business-day window).

Context

• This was an equity award (restricted stock) as part of compensation, not a market purchase or sale. Restricted shares vest over time per the noted schedule, so the grant does not represent an immediate sale of shares or direct market sentiment by the insider.