Quinn Thomas R Jr 4

What Happened

• Quinn Thomas R Jr, President & CEO and Director of Orrstown Financial Services (ORRF), disposed of a total of 13,851 shares on 2026-06-01 to cover tax liabilities related to equity (tax withholding). The transactions were 3,642 shares and 10,209 shares, each at $37.13 per share, totaling approximately $514,287.
• This was a tax-withholding/action to satisfy tax obligations (transaction code F), not an open-market sale driven by a directional trade—such withholding is typically routine after option exercises or vesting.

Key Details

• Transaction date: 2026-06-01; Price: $37.13 per share.
• Shares disposed: 3,642 shares ( $135,227 ) and 10,209 shares ( $379,060 ); combined value ≈ $514,287.
• Footnote: F1 — filing includes 86,435 shares owned jointly with the reporting person’s spouse.
• Filing: Form 4 filed 2026-06-03 for the 2026-06-01 transaction (appears timely under normal Form 4 rules).
• The filing indicates these were tax-withholding disposals (code F); it does not indicate an open-market sale.

Context

• This appears to be a cashless/tax-withholding action commonly used to satisfy tax obligations when stock awards vest or options are exercised. Shares are typically surrendered to the company or broker rather than sold on the open market, so this type of filing is generally considered routine and not a clear bullish or bearish signal by itself.