BROBST BARBARA E 4

What Happened

• Barbara E. Brobst, a director of Orrstown Financial Services Inc. (ORRF), received a grant of 1,500 restricted shares on 2026-05-05. The Form 4 records the acquisition as an award (transaction code A) at $0.00 per share (total $0 on the filing), i.e., a compensation grant rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-05; Form 4 filed 2026-05-06 (appears timely).
• Transaction type: Award/Grant (code A) — 1,500 shares @ $0.00.
• Vesting: Footnote F1 — restricted stock with various vesting dates spanning the next ~18 months.
• Holdings note: Footnote F2 indicates 11,000 shares are held jointly with the reporting person’s spouse (filing references these joint holdings). The filing excerpt provided does not list a full post-transaction total share count.
• No sale or exercise occurred in this filing; this is compensation-related (not a market purchase or sale).

Context

• Restricted stock awards to directors are common as part of board compensation and are primarily administrative/compensatory rather than a direct signal of buying or selling sentiment. For retail investors, outright purchases are typically more indicative of insider confidence than routine award grants.