Orr Christopher 4

What Happened Christopher Orr, EVP and Chief Information Officer of Orrstown Financial Services, was granted two awards on 2026-02-17 totaling 3,830 shares (1,915 shares + 1,915 shares). Both awards were reported as acquisitions at $0.00 per share (award/grant code A), so no cash was exchanged. These are company compensation awards rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-02-17; Filing date: 2026-02-19 (filed two days after the transaction — appears timely).
• Awards: 1,915 shares (A) and 1,915 shares (A), total 3,830 shares; price per share reported $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: Restricted stock with various vesting dates over the next three years.
  • F2: Restricted stock units (RSUs) vest three years after award based on pre-established company performance criteria.
• Transaction code: A = Award/Grant. No 10b5-1 plan, tax-withholding, or sale information disclosed in this filing.

Context Restricted stock and RSUs are compensation that typically vest over time (and, for RSUs here, may be tied to performance). Such awards are routine executive compensation and do not represent an open-market purchase or sale by the insider. They provide long-term alignment with shareholders but do not by themselves signal immediate insider buying/selling intent.