ORRF · Orrstown Financial Services Inc · Executive Compensation
$44.29
-0.36 (-0.81%)
At close · Oct 27
Return incl. dividend (before tax)
Q3 2026 earnings call transcript
Market Cap
$878.25M
Shares
19.67M
Volume · Oct 27
80.26K
Avg daily vol (3M)
96K
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2025
| Executive | Role | Total |
|---|---|---|
| Thomas Quinn | President and Chief Executive Officer | $4,222,617 |
| Christopher D. Holt | Executive Vice President and Market President Stock and option awards are valued based on the aggregate grant date fair value of awards granted during the year computed for financial reporting purposes pursuant to FASB ASC Topic 718. There is no assurance the value realized by an executive officer will be at or near the value estimated by ASC Topic 718. The actual value, if any, an executive officer may realize will depend upon the excess of the stock price over the exercise price on the date the option is exercised or the value of stock awards when they vest. Please see the 2025 Outstanding Equity Awards at Fiscal Year-End Table below for more information regarding stock awards and options outstanding at December 31, 2025. Includes awards issued in 2025 based on the Company’s performance in 2024, as described in the definitive proxy statement filed by the Company on April 4, 2025. Represents the aggregate increase in the present value of the officer’s accumulated benefit under the salary continuation plan and/or deferred compensation agreement. See 2025 All Other Compensation Table below. | $1,210,530 |
| Adam L. Metz | Senior Executive Vice President and Chief Operating Officer | $1,091,681 |
| Neelesh Kalani | Executive Vice President and Chief Financial Officer | $834,777 |
| Amy L. Doll | Executive Vice President and Chief Administrative Officer | $793,061 |
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| Thomas Quinn | President and Chief Executive Officer | $4,707,634 |
| Christopher D. Holt | Executive Vice President and Market President Stock and option awards are valued based on the aggregate grant date fair value of awards granted during the year computed for financial reporting purposes pursuant to FASB ASC Topic 718. There is no assurance the value realized by an executive officer will be at or near the value estimated by ASC Topic 718. The actual value, if any, an executive officer may realize will depend upon the excess of the stock price over the exercise price on the date the option is exercised or the value of stock awards when they vest. Please see the 2024 Outstanding Equity Awards at Fiscal Year-End Table below for more information regarding stock awards and options outstanding at December 31, 2024. Represents the aggregate increase in the present value of the officer’s accumulated benefit under the salary continuation plan and/or deferred compensation agreement. See 2024 All Other Compensation Table below. Includes awards issued in 2024 based on the Company’s performance in 2023, as described in the definitive proxy statement filed by the Company on March 31, 2023. Also, includes equity integration awards granted on July 1, 2024. | $1,395,735 |
| Robert G. Coradi | Executive Vice President and Chief Risk Officer | $1,157,470 |
| Adam L. Metz | Senior Executive Vice President and Chief Operating Officer | $1,103,118 |
| Neelesh Kalani | Executive Vice President and Chief Financial Officer | $1,075,390 |
| Amy L. Doll | Executive Vice President and Chief Administrative Officer | — |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Thomas Quinn | President and Chief Executive Officer | $2,638,017 |
| Christopher D. Holt | Executive Vice President and Market President Stock and option awards are valued based on the aggregate grant date fair value of awards granted during the year computed for financial reporting purposes pursuant to FASB ASC Topic 718. There is no assurance the value realized by an executive officer will be at or near the value estimated by ASC Topic 718. The actual value, if any, an executive officer may realize will depend upon the excess of the stock price over the exercise price on the date the option is exercised or the value of stock awards when they vest. Please see the 2024 Outstanding Equity Awards at Fiscal Year-End Table below for more information regarding stock awards and options outstanding at December 31, 2024. Represents the aggregate increase in the present value of the officer’s accumulated benefit under the salary continuation plan and/or deferred compensation agreement. See 2024 All Other Compensation Table below. Includes awards issued in 2024 based on the Company’s performance in 2023, as described in the definitive proxy statement filed by the Company on March 31, 2023. Also, includes equity integration awards granted on July 1, 2024. | $1,008,001 |
| Robert G. Coradi | Executive Vice President and Chief Risk Officer | $753,122 |
| Adam L. Metz | Senior Executive Vice President and Chief Operating Officer | $716,829 |
| Neelesh Kalani | Executive Vice President and Chief Financial Officer | $676,431 |
| Amy L. Doll | Executive Vice President and Chief Administrative Officer | — |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Thomas Quinn | President and Chief Executive Officer | $2,526,698 |
| Christopher D. Holt | Executive Vice President and Market President Stock and option awards are valued based on the aggregate grant date fair value of awards granted during the year computed for financial reporting purposes pursuant to FASB ASC Topic 718. There is no assurance the value realized by an executive officer will be at or near the value estimated by ASC Topic 718. The actual value, if any, an executive officer may realize will depend upon the excess of the stock price over the exercise price on the date the option is exercised or the value of stock awards when they vest. Please see the 2024 Outstanding Equity Awards at Fiscal Year-End Table below for more information regarding stock awards and options outstanding at December 31, 2024. Represents the aggregate increase in the present value of the officer’s accumulated benefit under the salary continuation plan and/or deferred compensation agreement. See 2024 All Other Compensation Table below. Includes awards issued in 2024 based on the Company’s performance in 2023, as described in the definitive proxy statement filed by the Company on March 31, 2023. Also, includes equity integration awards granted on July 1, 2024. | $987,359 |
| Robert G. Coradi | Executive Vice President and Chief Risk Officer | $713,197 |
| Adam L. Metz | Senior Executive Vice President and Chief Operating Officer | $645,069 |
| Neelesh Kalani | Executive Vice President and Chief Financial Officer | $629,105 |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Thomas Quinn | President and Chief Executive Officer | $1,967,057 |
| Christopher D. Holt | Executive Vice President and Market President Stock and option awards are valued based on the aggregate grant date fair value of awards granted during the year computed for financial reporting purposes pursuant to FASB ASC Topic 718. There is no assurance the value realized by an executive officer will be at or near the value estimated by ASC Topic 718. The actual value, if any, an executive officer may realize will depend upon the excess of the stock price over the exercise price on the date the option is exercised or the value of stock awards when they vest. Please see the 2023 Outstanding Equity Awards at Fiscal Year-End Table below for more information regarding stock awards and options outstanding at December 31, 2023. Represents the aggregate increase in the present value of the officer’s accumulated benefit under the salary continuation plan. See 2023 All Other Compensation Table below. Awards were issued in 2023 based on the Company’s performance in 2022, as described in the definitive proxy statement filed by the Company on March 31, 2023. | $847,655 |
| Robert G. Coradi | Executive Vice President and Chief Risk Officer | $609,477 |
| Neelesh Kalani | Executive Vice President and Chief Financial Officer | $537,358 |
| Adam L. Metz | Executive Vice President and Chief Revenue Officer | $533,249 |
| Thomas R. Brugger | Executive Vice President and Chief Financial Officer | $229,163 |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| Thomas Quinn | President and Chief Executive Officer | $1,739,180 |
| Thomas R. Brugger | Executive Vice President and Chief Financial Officer | $554,128 |
| Robert G. Coradi | Executive Vice President and Chief Risk Officer | $545,074 |
| Christopher D. Holt | Executive Vice President and Market President Stock and option awards are valued based on the aggregate grant date fair value of awards granted during the year computed for financial reporting purposes pursuant to FASB ASC Topic 718. There is no assurance the value realized by an executive officer will be at or near the value estimated by ASC Topic 718. The actual value, if any, an executive officer may realize will depend upon the excess of the stock price over the exercise price on the date the option is exercised or the value of stock awards when they vest. Please see the 2022 Outstanding Equity Awards at Fiscal Year-End Table below for more information regarding stock awards and options outstanding at December 31, 2022. Represents the aggregate increase in the present value of the officer’s accumulated benefit under the salary continuation plan. See 2022 All Other Compensation Table below. | $540,036 |
| Adam L. Metz | Executive Vice President and Chief Revenue Officer | $476,700 |
| Neelesh Kalani | Executive Vice President and Chief Financial Officer | — |
Fiscal 2019
| Executive | Role | Total |
|---|---|---|
| Thomas Quinn | President and Chief Executive Officer | $1,301,953 |
| Robert G. Coradi | Executive Vice President and Chief Risk Officer | $507,242 |
| Adam L. Metz | Executive Vice President and Chief Revenue Officer | $459,467 |
| Philip E. Fague | Executive Vice President and Chief Trust Officer | $452,147 |
| Christopher D. Holt | Executive Vice President and Market President Mr. Brugger retired from the Company on April 27, 2021 resulting in forfeiture of unvested stock awards and non-equity incentive plan compensation. Mr. Kalani was promoted to Executive Vice President and Chief Financial Officer on April 28, 2021. Mr. Holt earned a sign-on cash bonus in 2019 that was paid in 2020. Stock and option awards are valued based on the aggregate grant date fair value of awards granted during the year computed for financial reporting purposes pursuant to FASB ASC Topic 718. There is no assurance the value realized by an executive officer will be at or near the value estimated by ASC Topic 718. The actual value, if any, an executive officer may realize will depend upon the excess of the stock price over the exercise price on the date the option is exercised or the value of stock awards when they vest. Please see the 2021 Outstanding Equity Awards at Fiscal Year-End Table below for more information regarding stock awards and options outstanding at December 31, 2021. Represents the aggregate increase in the present value of the officer’s accumulated benefit under the salary continuation plan. See 2021 All Other Compensation Table below. | $444,828 |
| Thomas R. Brugger | Executive Vice President and Chief Financial Officer | $329,789 |
| David P. Boyle | Former Executive Vice President and CFO | $230,120 |
| Neelesh Kalani | Executive Vice President and Chief Financial Officer | — |
Fiscal 2018
| Executive | Role | Total |
|---|---|---|
| Thomas Quinn | President and Chief Executive Officer | $1,536,192 |
| David P. Boyle | Former Executive Vice President and CFO | $839,308 |
| Robert G. Coradi | Executive Vice President and Corporate Secretary | $561,144 |
| Adam L. Metz | Executive Vice President and Chief Revenue Officer | $514,636 |
| Philip E. Fague | Executive Vice President and Chief Trust Officer | $456,152 |
| Christopher D. Holt | Executive Vice President and Market President | — |
| Thomas R. Brugger | Executive Vice President and Chief Financial Officer | — |
Fiscal 2017
| Executive | Role | Total |
|---|---|---|
| Thomas Quinn | President and Chief Executive Officer | $1,149,598 |
| David P. Boyle | Former Executive Vice President and CFO | $687,100 |
| Philip E. Fague | Executive Vice President and Chief Trust Officer | $482,637 |
| Adam L. Metz | Executive Vice President and Chief Revenue Officer | $386,126 |
| Robert G. Coradi | Executive Vice President and Corporate Secretary | $348,957 |
| Thomas R. Brugger | Executive Vice President and Chief Financial Officer | — |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Thomas R. Quinn, Jr. | President, Chief Executive Officer and Director of the Company and the Bank | Retired | 2026-05-06 |
| Adam L. Metz | Class B Director of the Company | Appointed | 2026-05-06 |
| Adam L. Metz | President, Chief Executive Officer and Director of the Company and the Bank | Appointed | 2026-05-06 |
| Adam L. Metz | Senior Executive Vice President and Chief Operating Officer | Appointed | 2025-02-13 |
| Barbara E. Brobst | Board of Directors | Appointed | 2025-02-03 |
| Craig L. Kauffman | Director | Resigned | 2024-09-25 |
| Craig L. Kauffman | Executive Vice President, Chief Operating Officer | Retired | 2024-09-25 |
| Eric A. Segal | Director | Appointed | 2024-07-01 |
| Michael J. Rice | Director | Appointed | 2024-07-01 |
| Mark K. Keller | Director | Appointed | 2024-07-01 |
| Cindy J. Joiner | Director | Appointed | 2024-07-01 |
| Thomas R. Quinn, Jr. | Director | Appointed | 2024-07-01 |
| J. Rodney Messick | Vice Chairman of the Orrstown Board and Orrstown Bank Board | Appointed | 2024-07-01 |
| Craig Kauffman | Executive Vice President, Chief Operating Officer of Orrstown and Orrstown Bank | Appointed | 2024-07-01 |
| John W. Giambalvo | Class C Director | Appointed | 2024-07-01 |
| Craig L. Kauffman | Class B Director | Appointed | 2024-07-01 |
| J. Rodney Messick | Class B Director | Appointed | 2024-07-01 |
| Sarah M. Brown | Class C Director | Appointed | 2024-07-01 |
| Brian D. Brunner | Class A Director | Appointed | 2024-07-01 |
| Scott V. Fainor | Class A Director | Appointed | 2024-07-01 |
| Joel R. Zullinger | Class C Director | Appointed | 2024-07-01 |
| Glenn W. Snoke | Class C Director | Appointed | 2024-07-01 |
| Joel R. Zullinger | Class A Director | Resigned | 2024-07-01 |
| Floyd E. Stoner | member of the Orrstown Board and Orrstown Bank Board | Resigned | 2024-07-01 |
| Glenn W. Snoke | Class A Director | Resigned | 2024-07-01 |
Leadership
- Adam L. Metz CEO, COO, Board Member
- Thomas Quinn CEO
- Neelesh Kalani CFO
- Craig Kauffman COO
- Neil Kalani Chief Accounting Officer
- Sean Mulcahy Chief Accounting Officer
- Barbara E. Brobst Board Member
- Brian D. Brunner Board Member
- Cindy J. Joiner Board Member
- Craig L. Kauffman Board Member
- Eric A. Segal Board Member
- Glenn W. Snoke Board Member
- J. Rodney Messick Board Member
- Joel R. Zullinger Board Member
- John W. Giambalvo Board Member
- Linford Weaver Board Member
- Mark K. Keller Board Member
- Michael J. Rice Board Member
- Sarah M. Brown Board Member
- Scott V. Fainor Board Member
- Thomas R. Quinn, Jr. Board Member
Key facts
CIK
826154
CUSIP
687380105
13F (30d)
29 filings
29 filers
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