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

Gregory F. Holcombe, a director of Orange County Bancorp, reported the acquisition of phantom stock equivalent to 445 shares of common stock on April 1, 2024.

Summary

• Gregory F. Holcombe, a director at Orange County Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• On April 1, 2024, Holcombe acquired phantom stock equivalent to 445 shares of common stock at a price of $47.74 per share.
• The phantom stock becomes payable upon Holcombe's separation of service as a director.
• Holcombe directly owns 34,980 shares of common stock, including restricted stock units that vest upon separation from service.
• Holcombe also indirectly owns shares through a foundation (7,460 shares), an LLC (34,720 shares), and a trust (6,027 shares).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Future Outlook

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

Industry Context

This filing is a routine disclosure of a director's stock ownership changes, which is common in the financial industry. It provides transparency to investors regarding the holdings of company insiders.

Stakeholder Impact

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

Key Dates