GIAMBALVO JOHN W 4

What Happened
John W. Giambalvo, a director of ORRSTOWN FINANCIAL SERVICES INC (ORRF), received an award of 1,500 restricted common shares on 2026-05-05. The grant price is listed as $0.00 per share (total reported acquisition value $0). This was an equity award (transaction code A) rather than an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-05-05, 1,500 shares at $0.00 per share.
• Report filed: 2026-05-06 for the 2026-05-05 transaction (filed the next day; appears timely).
• Shares owned after transaction: Not disclosed in the provided filing data.
• Footnote: F1 indicates these are restricted stock with various vesting dates over the next 18 months.
• Transaction type: Award/Grant (A); not an immediate sale or exercise.

Context
Restricted stock awards are typically compensation or retention incentives and do not necessarily signal the insider buying or selling for market reasons. Vesting conditions mean the shares are subject to forfeiture until the specified vesting dates; they may encourage longer-term alignment with the company.