SNOKE GLENN W 4
Research Summary
AI-generated summary
Orrstown Financial (ORRF) Director Glenn W. Snoke Receives Award
What Happened
Glenn W. Snoke, a director of Orrstown Financial Services, was granted 1,000 restricted shares (transaction code A) on January 29, 2026. The award shows a $0.00 acquisition price (i.e., a compensated grant rather than a market purchase). This was not a sale — it is a compensation award subject to vesting.
Key Details
- Transaction date: 2026-01-29; Filing date: 2026-02-02 (appears timely).
- Shares granted: 1,000 restricted shares; price: $0.00 (award).
- Shares owned after transaction: not disclosed in the filing.
- Footnotes: F1 — portion with a vesting date of May 3, 2027; F2 — remaining restricted shares vest in various tranches over the next ~18 months.
- Transaction type: A (award/grant of restricted stock).
Context
Restricted stock awards are compensation that typically vest over time and are not immediately freely tradeable, so they reflect pay/retention practices rather than a direct bullish market bet by the insider. For retail investors, such grants are useful to track but should be interpreted as part of executive/director compensation rather than immediate insider buying activity.