Dyckman Matthew 4

What Happened

Matthew Dyckman, EVP and General Counsel of Orrstown Financial (ORRF), was granted a total of 5,236 shares (2,164 and 3,072) on 2026-02-17 as awards (restricted stock/RSUs). To cover tax liabilities, 1,936 shares were surrendered/withheld (403 and 1,533) at $37.64 per share, generating a reported disposition value of $72,871. The awards were reported at $0.00 per share (no cash purchase).

Key Details

• Transaction date: 2026-02-17; Form filed: 2026-02-19 (timely within the 2-business-day window).
• Awards acquired: 2,164 shares and 3,072 shares (total 5,236) reported as grants/awards (code A).
• Shares withheld/disposed for tax payment: 403 shares ($15,169) and 1,533 shares ($57,702) at $37.64 each (code F); total withheld = 1,936 shares, $72,871.
• Vesting notes: time-vested restricted stock with staggered vesting over the next three years (F1); RSUs vest three years after grant based on pre-established performance criteria (F2).
• Ownership note: filing indicates 15,407 shares are owned jointly with Dyckman’s spouse (F3). The filing provided does not state a total “shares owned following the transaction” beyond the joint-ownership disclosure.

Context

• These filings reflect awards being granted and shares withheld to satisfy tax obligations — a routine outcome of restricted stock/RSU vesting rather than an open-market buy or sell indicating directional sentiment.
• Code A = award/grant; code F = shares used to pay taxes/withholdings. No immediate open-market sale or cashless exercise of options was reported.