Keller Mark K 4

What Happened Mark K. Keller, a director of Orrstown Financial Services, received a grant of 1,000 restricted shares on January 29, 2026. The shares were granted at $0.00 per share (award/compensation), so the reported acquisition value is $0. This is an equity award (compensation/benefit), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-01-29; 1,000 shares granted at $0.00 per share (code A = award/grant).
• Vesting: Footnote F1 indicates restricted stock with a vesting date of May 3, 2027; F2 notes additional restricted stock with various vesting dates over the next 18 months.
• Ownership note: Footnote F3 states the reporting person includes 18,029 shares owned jointly with the reporting person’s spouse. The filing does not list a consolidated total shares-after-transaction.
• Filing timing: Form filed 2026-02-02 for a 2026-01-29 transaction (filed four days later). Section 16 filings are generally due within two business days; this timing may indicate a late filing.

Context Restricted stock awards vest over time and typically cannot be sold until vesting conditions are met; they are compensation rather than an immediate bullish purchase signal. For retail investors, purchases or open-market buys often carry clearer sentiment signals than routine compensation grants.