FAINOR SCOTT V 4

What Happened
Scott V. Fainor, a director of Orrstown Financial Services, was granted 1,500 restricted shares (transaction code A) on 2026-05-05. The award was recorded at $0.00 per share (total cash cost $0).

Key Details

• Transaction date: 2026-05-05; Form 4 filed 2026-05-06 (timely filing).
• Grant: 1,500 shares @ $0.00 (award/vesting restricted stock).
• Vesting: Footnote F1 — restricted stock with various vesting dates over the next 18 months.
• Ownership note: Footnote F2 — includes 4,375 shares owned jointly with the reporting person’s spouse. The provided excerpt does not state the total post-grant holdings.
• No sale, exercise, or tax-withholding event reported in this transaction.

Context
This was a compensation award of restricted stock (not an open-market purchase or sale). Such grants typically vest over time as a retention incentive; they involve no immediate cash outlay and do not represent an immediate change in market exposure until vested or sold.