Jaeger Michael 4

What Happened
Michael Jaeger, EVP and Chief Experience Officer of Orrstown Financial Services (ORRF), had 146 shares of company stock withheld/disposed to satisfy a tax liability tied to equity vesting. The withholding was recorded at $37.38 per share for a total value of about $5,457. This was a tax-withholding transaction (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-13; Price: $37.38 per share; Shares: 146; Total value: ~$5,457.
• Transaction type: F — payment of exercise price or tax liability (shares withheld to cover taxes).
• Footnote: Shares relate to restricted stock with various vesting dates over the next 3 years.
• Filing date (Form 4 accession): 2026-02-18 for the 2026-02-13 transaction — Form 4s are normally due within 2 business days; check the official filing for timeliness status.
• Shares owned after the transaction: not specified in the provided filing excerpt — see the full Form 4 for total beneficial ownership.

Context
Withholding shares to cover taxes on vested restricted stock is a common, administrative action and generally does not reflect a selling decision or change in sentiment. For retail investors, purchases or open-market sales typically carry more signal than tax-withholding disposals.