BROWN SARAH M 4

What Happened

• Sarah M. Brown, a director of Orrstown Financial Services, was awarded 1,500 restricted shares on 2026-05-05. The shares were reported as acquired at $0.00 (transaction code A — award/grant). This is a compensation-related grant (not a market purchase or sale).

Key Details

• Transaction date: 2026-05-05; filing date: 2026-05-06 (timely).
• Amount: 1,500 shares acquired at $0.00 (total reported acquisition value $0).
• Shares owned after transaction: not disclosed in the provided Form 4 excerpt.
• Footnote: F1 — the restricted shares vest on various dates over the next 18 months.
• No 10b5-1 plan, tax-withholding, or sale information reported in this filing.

Context

• This was a restricted stock award, commonly part of director compensation; vesting schedule means shares are subject to forfeiture until they vest and are not an immediate sale or market purchase.
• Such awards are routine for executives/directors and reflect compensation rather than a direct buy/sell signal.