Jaeger Michael 4

What Happened Michael Jaeger, Executive Vice President and Chief Experience Officer of Orrstown Financial Services, disposed of 296 shares on July 1, 2026 to satisfy a tax liability related to equity vesting. The shares were valued at $40.83 each, for a total of approximately $12,086. This was a withholding/disposition to meet tax obligations (transaction code F), not a purchase.

Key Details

• Transaction date: 2026-07-01; filing date: 2026-07-02 (timely).
• Shares disposed: 296 at $40.83 per share; total value ≈ $12,086.
• Transaction code: F — payment of exercise price or tax liability (withholding/surrender).
• Footnotes in filing: F1 — restricted stock with various vesting dates over the next 3 years; F2 — restricted stock units vesting three years after award subject to performance criteria.
• Shares owned after transaction: not specified in the summary filing.

Context This disposition appears to be a routine tax withholding/surrender tied to equity awards vesting rather than an open-market sale for investment purposes. Such withholding transactions are common when restricted stock or RSUs vest and generally reflect administrative tax obligations rather than a directional bet by the insider.