Hocker Joshua D 4

What Happened
Joshua D. Hocker, EVP and Market President of Orrstown Financial Services, was granted two equity awards on 2026-02-17: 1,385 restricted shares and 1,384 restricted stock units (total 2,769). Both awards were granted at $0.00 per share (no cash paid); the reported acquisition value is $0. These are compensation awards rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (filed within the typical 2-business-day window).
• Grants: 1,385 restricted shares (A) and 1,384 restricted stock units (A); price reported $0.00. Total shares awarded: 2,769.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 = restricted stock with various vesting dates over the next 3 years; F2 = restricted stock units that vest three years after award based on pre-established company performance criteria.
• Transaction type: Award/Grant (code A) — typical executive compensation, not a market trade.

Context
Restricted stock grants deliver actual shares subject to vesting conditions; RSUs typically convert to shares upon vesting and may depend on performance targets. Because these were awards granted at no cash cost, they reflect compensation and retention incentives rather than a direct buy/sell signal. No indication of a 10b5-1 plan, tax withholding sale, or late filing was provided in the excerpt.