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Orrstown Financial Services (ORRF) 鈥� Form 4 filing: Chief Human Resources Officer Heather K. Knisely reported one transaction dated 07/28/2025. Using transaction code F (share withholding to satisfy tax obligations), Knisely disposed of 4,219 restricted shares at an implied price of $34.55 per share. No shares were sold into the open market.

Post-transaction holdings:

• Common stock: 9,795 shares
• Restricted stock: 1,756 shares (various vesting schedules)
• Restricted stock units: 1,755 units, cliff-vesting after three years based on performance targets

Prudential plc reports a routine share buy-back under its 2025 AGM authority. On 24 Jul 2025 the Company repurchased 316,581 ordinary shares (0.012% of outstanding) from Merrill Lynch International at an average price of 拢9.2964, within a 拢9.2120鈥撀�9.3560 range, for a total cash outlay of roughly 拢2.9 million.

The shares will be cancelled, cutting issued share capital to 2,579,284,379 and reducing voting rights by the same amount. The transaction was executed on the London Stock Exchange and complies with UK MAR and Hong Kong Buy-Back regulations. No financial guidance or strategic changes accompanied the disclosure.

Context: Investor Advocates for Social Justice has filed a PX14A6G notice supporting a shareholder proposal led by the Religious of the Sacred Heart of Mary and co-filed by at least 60 investors holding more than $80 million of MSFT stock. The resolution will be put to a vote at Microsoft鈥檚 2025 AGM and asks the company to publish a report assessing the effectiveness of its human-rights due-diligence processes, focusing on whether Azure cloud and AI products are being used to commit human-rights abuses or violate international humanitarian law.

Key claims:

• A new UN report lists Microsoft within the 鈥渆conomy of genocide鈥� in Gaza; leaked data show Israeli-military Azure usage up 155 % between Jun-23 and Apr-24.
• Microsoft鈥檚 own blog states it lacks visibility into how customers deploy its on-prem software, revealing an oversight gap.
• Filers warn of material legal, operational and reputational risks (boycotts, employee unrest, potential complicity charges) if governance is not strengthened.

The unprecedented number of co-filers underscores growing investor concern that inadequate controls could erode long-term shareholder value and expose the company to litigation and regulatory action.

Canadian Imperial Bank of Commerce (CIBC) is marketing Accelerated Return Notes庐 (ARNs庐) linked to the performance of the Invesco S&P 500庐 Equal Weight ETF (RSP). Each note is issued at $10.00, carries a tenor of approximately 14 months, and offers a 300% participation rate in any positive price movement of RSP, but total upside is capped between $10.95 and $11.35 per unit (a gain of 9.5%-13.5%, to be fixed on the pricing date). Investors receive no periodic coupons and face 1-for-1 downside exposure; if RSP declines, principal is at risk up to a 100% loss.

The notes are senior unsecured obligations of CIBC and not listed on any exchange, implying limited secondary-market liquidity. Their initial estimated value will be below the public offering price due to built-in fees and hedging costs. Key risks disclosed include full downside risk, the creditworthiness of CIBC, valuation disparities if sold prior to maturity, and the lack of any direct ownership or dividend entitlement in the underlying ETF.

This structure may appeal to investors who expect a modest, capped rise in RSP over 14 months and who are comfortable substituting principal protection for amplified, but limited, participation.