Khuri Zachary Moses 4
4 · ORRSTOWN FINANCIAL SERVICES INC · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
ORRF EVP Zachary Khuri Receives Awards; Withholds Shares
What Happened
Khuri Zachary Moses (EVP, Chief Revenue Officer) was granted a total of 4,709 shares in two awards on 2026-02-17 (2,122 and 2,587 shares). On the same date, 2,023 shares were disposed of (withheld) to satisfy tax withholding obligations: 372 shares at $37.64 (=$14,002) and 1,651 shares at $37.64 (=$62,144), for a total withholding value of $76,146. The awards are recorded at $0.00 per share (awarded, not purchased).
Key Details
- Transaction date: 2026-02-17; filing date: 2026-02-19 (timely filing).
- Grants: 2,122 shares (A) and 2,587 shares (A) — total 4,709 shares, reported at $0.00.
- Withholdings/disposals: 372 shares @ $37.64 ($14,002) and 1,651 shares @ $37.64 ($62,144); total $76,146 (code F — payment of exercise price or tax liability).
- Shares owned after the transactions: not specified in this filing.
- Footnotes: F1 = time‑vested restricted stock with various vesting dates over the next three years; F2 = restricted stock units vesting three years after award based on pre-established performance criteria.
Context
These were awards (restricted stock and restricted stock units) with a contemporaneous withholding of shares to cover tax liabilities — a routine administrative action, not an open‑market sale or purchase. The awarded RSUs/RS will vest over time or upon meeting performance goals, so the immediate withholding simply satisfies tax obligations and does not necessarily indicate a change in insider sentiment.
Insider Transaction Report
- Tax Payment
Orrstown Financial Services, Inc. Common, Restricted Stock
[F1]2026-02-17$37.64/sh−372$14,002→ 1,670 total - Award
Orrstown Financial Services, Inc. Common, Restricted Stock
[F1]2026-02-17+2,122→ 3,792 total - Tax Payment
Orrstown Financial Services, Inc., Common, Rest. Stock. Unt.
[F2]2026-02-17$37.64/sh−1,651$62,144→ 5,640 total - Award
Orrstown Financial Services, Inc., Common, Rest. Stock. Unt.
[F2]2026-02-17+2,587→ 8,227 total
- 20,944
Orrstown Financial Services, Inc, Common Stock
Footnotes (2)
- [F1]Time-vested restricted stock with various vesting dates over the next three years
- [F2]Restricted stock units vesting three years after the date of the award based on pre-established company performance criteria.