ZULLINGER JOEL R 4

What Happened

• Joel R. Zullinger, a director of Orrstown Financial Services Inc. (ORRF), received a grant of 2,000 restricted shares on January 29, 2026. The shares were issued at $0.00 per share (grant value $0) and are reported as an award (transaction code A), not an open-market purchase.

Key Details

• Transaction date: 2026-01-29; Form 4 filed: 2026-02-02 (appears timely within the SEC two-business-day filing window).
• Grant: 2,000 restricted shares; acquisition price reported $0.00 (award/grant).
• Vesting: Footnote F1 — these shares vest on May 3, 2027. Footnote F2 indicates additional restricted stock grants with various vesting dates over the next ~18 months (staggered vesting schedule).
• Ownership note: Footnote F3 states 3,605 shares are owned jointly with the reporting person’s spouse. The filing does not state total shares beneficially owned after this grant.
• Transaction type: Award/grant of restricted stock (A) — not a purchase or sale.

Context

• This was a compensation-style restricted stock grant. Such awards are common for executives and directors and vest over time; they do not represent an immediate cash investment or sale. Because shares were granted at $0, there was no out-of-pocket purchase price reported.