4/A: Orange County Bancorp Director Amends Filing on Share Transactions
SEC Form 4/A Filing
A director of Orange County Bancorp, Gregory F. Holcombe, amended a previous filing to report changes in his beneficial ownership of company stock, including direct and indirect holdings.
Summary
- Gregory F. Holcombe, 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, as well as phantom stock.
- The director directly owns 34,530 shares of common stock.
- Indirect holdings include 7,460 shares through a foundation, 34,720 shares through an LLC, and 6,027 shares through a trust.
- The director also holds phantom stock, which is economically equivalent to common stock and becomes payable upon separation from service as a director.
- The amended filing includes details of restricted stock units that vest at different dates and are settled in shares upon separation from service.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and does not contain any information that would indicate a positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies and their directors.
Comparison to Industry Standards
- The reporting of beneficial ownership changes by directors is a standard practice for all publicly listed companies in the US.
- The level of detail provided in this filing is consistent with SEC requirements for Form 4 filings.
- Similar filings are made by directors of comparable financial institutions such as Community Bank System (CBU) and New York Community Bancorp (NYCB).
Stakeholder Impact
- The filing provides transparency to shareholders regarding the director's ownership of company stock.
- The information is relevant to investors tracking insider transactions.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Date when some restricted stock units vested 100%. |
| 12/16/2024 | Date of the earliest transaction reported in the filing. |
| 12/18/2024 | Date of the original filing that was amended. |
| 01/28/2025 | Date of the amended filing. |
| 03/21/2025 | Date when some restricted stock units will vest 100%. |
Keywords
beneficial ownership, stock transactions, director holdings, common stock, phantom stock, restricted stock units, Orange County Bancorp, OBT
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