Form 4: Orange County Bancorp Director Holcombe Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Gregory F. Holcombe, a director of Orange County Bancorp, Inc., reported the acquisition of phantom stock and holdings in common stock through various entities.
Summary
- Gregory F. Holcombe, a director at Orange County Bancorp, Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the acquisition of 405 shares of phantom stock on January 2, 2025, at a price of $53.98 per share.
- Holcombe directly owns 34,980 shares of common stock.
- He also indirectly owns shares through a foundation (7,460 shares), an LLC (34,720 shares), and a trust (6,027 shares).
- The phantom stock becomes payable upon the reporting person's separation of service as a director.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Future Outlook
The phantom stock becomes payable upon the reporting person's separation of service as a director.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company securities, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of a company director.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Restricted stock units vested 100% and are settled in shares of Issuer common stock upon separation from service of the reporting person. |
| 01/02/2025 | Date of transaction: Acquisition of phantom stock. |
| 01/03/2025 | Date of signature for the report. |
| 03/21/2025 | Restricted stock units vest 100% and are settled in shares of Issuer common stock upon separation from service of the reporting person. |
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