Form 4: Orange County Bancorp Director Acquires Phantom Stock
SEC Form 4 Filing
Director Jon Schiller acquired 358 shares of phantom stock in Orange County Bancorp, Inc. on January 2, 2025.
Summary
- On January 2, 2025, Jon Schiller, a director of Orange County Bancorp, Inc., acquired 358 shares of phantom stock.
- The phantom stock is the economic equivalent of common stock and becomes payable upon the director's separation of service.
- The price of the derivative security was $53.98.
- Following the transaction, Schiller directly owns 358 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a transaction by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, such as directors, regarding the company's securities. This allows investors to monitor the actions of those with privileged information.
Stakeholder Impact
- The acquisition of phantom stock by a director can signal confidence in the company's future performance to shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: Jon Schiller acquired phantom stock. |
| 01/03/2025 | Date of signature: Jennifer Staub signed the document on behalf of Jon Schiller. |
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