Form 4: Orange County Bancorp Director Acquires Shares and Phantom Stock Units

Director Richard B. Rowley reports acquisition of common stock and phantom stock units in Orange County Bancorp, Inc.

Summary

• On February 20, 2025, Richard B. Rowley, a director of Orange County Bancorp, Inc., acquired 995 shares of common stock.
• Following the transaction, Rowley directly owns 538,365 shares of common stock.
• These holdings include restricted stock units that vest either immediately upon grant or on March 21, 2025, and are settled upon separation from service.
• Rowley also holds 18,065 phantom stock units, each equivalent to one share of common stock, payable upon separation of service as a director.
• The reported figures reflect a two-for-one forward stock split that occurred on January 10, 2025.
• Restricted stock units vest 100% on February 20, 2026 and are settled in shares of Issuer common stock upon separation from service of the reporting person.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock ownership changes by a director. The acquisition of shares could be seen as slightly positive, but it's not a major event.

Positives

• The director's acquisition of shares may signal confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• Shareholders may view the director's stock acquisition as a positive sign.

Key Dates

Keywords

Orange County Bancorp, Director, Richard B. Rowley, Common Stock, Phantom Stock, Beneficial Ownership, Form 4, Stock Split, Restricted Stock Units