Brunner Brian D 4
Research Summary
AI-generated summary
Orrstown Financial (ORRF) Director Brian Brunner Buys 1,000 Shares
What Happened
- Brian D. Brunner, a director of Orrstown Financial Services, bought 1,000 shares of ORRF in an open-market purchase on 2026-03-18 at $34.02 per share, totaling $34,017. This was a purchase (insider buying is often considered more informative than routine selling).
Key Details
- Transaction date and price: 2026-03-18, 1,000 shares at $34.02 each (total $34,017). Transaction code: P (purchase).
- Filing: Form 4 filed 2026-03-19 (timely; within the typical 2-business-day window).
- Shares owned after transaction: The filing’s footnote states holdings consist of 2,500 shares held individually, 3,800 shares held in a family trust, and the remainder held jointly with the reporting person’s spouse. The precise total beneficial ownership figure is not provided in the excerpt.
- Footnote: F1 describes the allocation of owned shares among individual, family trust, and joint holdings. No 10b5-1 plan, option exercise, gift, or tax-withholding notation is indicated in the provided data.
Context
- This is a straightforward open-market purchase (no option exercise or award involved). Insider purchases can signal confidence but do not guarantee future stock performance; retail investors should consider this alongside other fundamentals and market information.