ORRF Director Cindy Jeannette Joiner Receives 1,500-Share Award

What Happened Cindy Jeannette Joiner, a director of Orrstown Financial Services, received an award of 1,500 restricted common shares on 2026-05-05. The shares were granted at $0.00 per share (acquisition code A), so the immediate cash cost reported is $0. This was a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-05; Form 4 filed 2026-05-06 (timely filing).
• Grant: 1,500 shares at $0.00 (acquisition/award). Reported value $0 on the Form 4.
• Shares owned after transaction: not specified in the provided filing data.
• Footnote: F1 — restricted stock with various vesting dates over the next 18 months.
• No 10b5-1, tax-withholding, or sale codes noted in the provided transaction.

Context Restricted stock awards are typically part of director compensation and vest over time, meaning these shares may not be immediately transferable or saleable until vesting conditions are met. Such grants are common and reflect compensation practices rather than a direct buy/sell signal by the insider.