{"schema_version":"secwatch.filing_event.v1","accession":"0000826154-22-000191","form_type":"8-K","ticker":"ORRF","cik":"0000826154","company_name":"ORRSTOWN FINANCIAL SERVICES INC","filed_at":"2022-12-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.668123+00:00","generated_at":"2026-06-21T02:58:03.872167+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Orrstown enters deferred compensation agreement with EVP Metz tied to ROATE performance","bullets":["Agreement with Adam L. Metz, Executive VP and Chief Revenue Officer, effective December 2022.","$20,000 contribution for 2022 if ROATE >= 8%; $83,280 annually thereafter under same condition.","Benefits paid in 180 equal monthly installments starting at age 65 or upon disability/change in control.","Death benefit of $2,260,909 if life insurance in place, else Deferral Account balance.","All benefits forfeited if employment terminated for Cause."],"urls":{"canonical":"https://secwatch.observer/filing/0000826154-22-000191","json":"https://secwatch.observer/filing/0000826154-22-000191.json","markdown":"https://secwatch.observer/filing/0000826154-22-000191.md","text":"https://secwatch.observer/filing/0000826154-22-000191.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/826154/000082615422000191/0000826154-22-000191-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/826154/000082615422000191/orrf-20221216.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T02:58:03.872167+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}