ORRSTOWN FINANCIAL SERVICES INC·4

Feb 19, 4:08 PM ET

Khuri Zachary Moses 4

4 · ORRSTOWN FINANCIAL SERVICES INC · Filed Feb 19, 2026

Research Summary

AI-generated summary of this filing

Updated

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

Form 4
Period: 2026-02-17
Khuri Zachary Moses
EVP, Chief Revenue Officer
Transactions
  • Tax Payment

    Orrstown Financial Services, Inc. Common, Restricted Stock

    [F1]
    2026-02-17$37.64/sh372$14,0021,670 total
  • Award

    Orrstown Financial Services, Inc. Common, Restricted Stock

    [F1]
    2026-02-17+2,1223,792 total
  • Tax Payment

    Orrstown Financial Services, Inc., Common, Rest. Stock. Unt.

    [F2]
    2026-02-17$37.64/sh1,651$62,1445,640 total
  • Award

    Orrstown Financial Services, Inc., Common, Rest. Stock. Unt.

    [F2]
    2026-02-17+2,5878,227 total
Holdings
  • Orrstown Financial Services, Inc, Common Stock

    20,944
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.
Signature
/s/ Casara I Kieffer as P.O.A.|2026-02-19

Documents

1 file
  • 4
    wk-form4_1771535327.xmlPrimary

    FORM 4