4/A: Orange County Bancorp Director Amends Filing on Share Transactions

A director of Orange County Bancorp, Kevin J. Keane, amended a previous filing to report changes in his beneficial ownership of company stock, including direct and indirect holdings.

Summary

• Kevin J. Keane, a director at Orange County Bancorp, filed an amended statement regarding changes in his beneficial ownership of the company's stock.
• The filing includes both direct and indirect holdings of common stock and phantom stock.
• Mr. Keane directly owns 9,751 shares of common stock, which includes restricted stock units that vest upon separation from service.
• He also indirectly owns 3,700 shares through a partnership and 416 shares through a 401(k).
• Additionally, Mr. Keane holds 5,601 phantom stock units, which are economically equivalent to common stock and payable upon separation from service.
• The phantom stock units were acquired on December 16, 2024, at a price of $24 per unit.
• The amended filing was made on January 28, 2025, and corrects a previous filing from December 18, 2024.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. There is no indication of positive or negative sentiment, but the filing is necessary for transparency.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company director, which is a common practice in the financial industry to ensure transparency and compliance with regulations.

Comparison to Industry Standards

• The reporting of changes in beneficial ownership by directors is a standard practice across publicly traded companies, as mandated by the SEC.
• Similar filings are made by directors and officers of companies like JPMorgan Chase & Co. (JPM), Bank of America Corp. (BAC), and Citigroup Inc. (C) when they engage in transactions involving their company's stock.
• These filings are crucial for maintaining market transparency and preventing insider trading.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership of company stock by a director.
• This information is important for investors to understand the alignment of interests between management and shareholders.

Key Dates

Keywords

beneficial ownership, stock transactions, director, phantom stock, restricted stock units, Orange County Bancorp, OBT