Form 4: Orange County Bancorp Director Acquires Phantom Stock and Reports Holdings

Director Richard B. Rowley reports acquisition of phantom stock and holdings in Orange County Bancorp, Inc. following a two-for-one stock split.

Summary

• Richard B. Rowley, a director of Orange County Bancorp, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report includes the acquisition of 58 shares of phantom stock on January 22, 2025, at a price of $26.07 per share.
• Rowley's holdings include 537,370 shares of common stock, including restricted stock units that vest at different dates and are settled upon separation from service.
• The report reflects a two-for-one forward stock split of the Issuer's common stock which occurred on January 10, 2025.
• Some restricted stock units are deferred into the Orange County Bancorp, Inc. Stock-Based Deferral Plan and will settle upon separation from service.

Sentiment

Score: 5

Explanation: The document is a routine filing of stock ownership changes, so the sentiment is neutral.

Future Outlook

The restricted stock units will settle in shares of Issuer common stock upon the reporting person's separation from service.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, which can influence investor confidence.

Key Dates