Holt Christopher D 4
Research Summary
AI-generated summary
Orrstown Financial (ORRF) EVP Christopher Holt Sells 7,820 Shares
What Happened
Christopher D. Holt, Executive Vice President and Market President of Orrstown Financial Services, sold 7,820 shares in an open-market transaction on March 11, 2026, at $34.29 per share, generating proceeds of approximately $268,148. This was a sale (not a purchase or option exercise).
Key Details
- Transaction date: 2026-03-11; Filing date (Form 4): 2026-03-12 (timely filed). Accession: 0001628280-26-017267.
- Transaction type and amount: Open-market sale of 7,820 shares at $34.29 each; total ≈ $268,148.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes from filing:
- F1: Includes 1,000 shares owned by the reporting person’s spouse.
- F2: References restricted stock units that vest three years after award date based on pre-established performance criteria.
- F3: References time-vested restricted stock with various vesting dates over the next three years.
- No indication in the provided data of a 10b5-1 plan, tax-withholding sale, or that this filing was late.
Context
Sales by executives can be routine (e.g., diversification, liquidity, tax reasons) and do not by themselves indicate a change in company outlook. This filing documents a straightforward open-market disposal rather than an exercise, gift, or award transaction.