BROWN SARAH M 4

What Happened
Sarah M. Brown, a director of Orrstown Financial Services, Inc. (ORRF), was granted 1,000 restricted shares on January 29, 2026. The award is reported at $0.00 per share (total reported value $0) and is coded as an award/acquisition (A) on the Form 4. This is a grant of restricted stock rather than an open-market purchase or a sale.

Key Details

• Transaction date: 2026-01-29; Form 4 filed: 2026-02-02 (filed timely).
• Transaction type/code: Award/Acquisition (A).
• Shares granted: 1,000 restricted shares; reported price: $0.00; reported aggregate value: $0.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 — Restricted stock with vesting date of May 3, 2027. F2 — Additional restricted stock with various vesting dates over the next ~18 months.
• No 10b5-1 plan, tax withholding, or sale noted in the provided details.

Context
Restricted stock grants mean shares were awarded but are subject to vesting conditions and are not an immediate sale or market purchase. Such awards are common for aligning directors' interests with shareholders; they do not, by themselves, indicate a near-term buy/sell signal. The filing appears timely under Section 16 reporting rules.