Brunner Brian D 4

What Happened
Brian D. Brunner, a director of Orrstown Financial Services, was granted 1,000 shares of restricted stock on January 29, 2026. The award was reported on Form 4 as an acquisition (code A) at $0.00 per share (no cash paid). The Form 4 was filed on February 2, 2026.

Key Details

• Transaction date: 2026-01-29; reported on Form 4 filed 2026-02-02 (timely filing).
• Type/amount: Award/grant of 1,000 restricted shares at $0.00 per share (total reported cost $0).
• Vesting: Footnote F1 indicates these shares are restricted stock vesting on May 3, 2027. Footnote F2 refers to other restricted stock with staggered vesting over the next 18 months.
• Holdings breakdown: Footnote F3 notes existing shares include 2,500 held individually, 2,800 held in a family trust, and additional shares held jointly with the spouse. The filing does not list a single post-award total number of shares attributable to the reporting person.
• Timeliness: Filing appears timely (within the SEC’s two-business-day window).

Context
This was a restricted stock grant (award), not an open-market purchase or sale. Restricted shares are typically subject to vesting and transfer limits and do not necessarily signal immediate trading intent. For retail investors, awards reflect company compensation practices and long-term alignment with directors but should not be taken alone as a market sentiment indicator.