Form 4: Orange County Bancorp Director Holcombe Reports Acquisition of Phantom Stock

Gregory F. Holcombe, a director at Orange County Bancorp, reported the acquisition of phantom stock and holdings in common stock through various entities.

Summary

• Gregory F. Holcombe, a director of Orange County Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of phantom stock equivalent to 363 shares of common stock at a price of $58.51 per share on October 1, 2024.
• Holcombe directly owns 34,980 shares of common stock, which includes restricted stock units vesting at different dates.
• He also indirectly owns 7,460 shares through a foundation, 34,720 shares through an LLC, and 6,027 shares through a trust.
• The phantom stock becomes payable upon Holcombe's separation of service as a director.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions.

Positives

• The acquisition of phantom stock could indicate confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be a signal to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates