Chajkowski David 4

What Happened

• David Chajkowski, EVP and Chief Credit Officer of Orrstown Financial (ORRF), was granted a total of 4,374 shares on 2026-02-17 (1,702 + 2,672 shares; reported as awards at $0.00). On the same date he disposed of 274 shares as payment for tax withholding at $37.64 per share, generating $10,313. The main activity is the receipt of stock awards (acquisitions); the 274-share disposition was to satisfy tax obligations, not an open‑market sale.

Key Details

• Transaction date: 2026-02-17 (reported on Form 4 filed 2026-02-19).
• Grants: 1,702 shares (A) and 2,672 shares (A) at $0.00 (awards).
• Withholding: 274 shares (F) disposed at $37.64 for $10,313 (tax/withholding).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 = time‑vested restricted stock with various vesting dates over the next three years; F2 = restricted stock units vesting three years after grant contingent on pre-established company performance criteria.
• Filing timeliness: filed two days after the transaction date (appears timely for a Form 4).

Context

• The awards are typical equity compensation: time‑vested restricted stock and performance‑based restricted stock units. The reported $0.00 acquisition price reflects that these are grants, subject to future vesting conditions. The 274-share disposition was a tax withholding/payment and should not be read as a discretionary market sale.