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

Director Gregory F. Holcombe reports acquisition of phantom stock and holdings in Orange County Bancorp through direct and indirect ownership.

Summary

• Gregory F. Holcombe, a director of Orange County Bancorp, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of phantom stock equivalent to 30 shares of common stock on September 16, 2024, at a price of $59.43.
• Holcombe directly owns 34,980 shares of common stock.
• He also indirectly owns 7,460 shares through a foundation, 34,720 shares through an LLC, and 6,027 shares through a trust.
• The directly held shares include restricted stock units that vest and are settled upon separation from service, with some vesting on August 8, 2024, and others vesting on March 21, 2025.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing insider transactions, with no inherent positive or negative sentiment.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency regarding the holdings and transactions of company directors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.

Key Dates