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 97 shares of phantom stock on March 17, 2025, at a price of $24.18 per share.
• Holcombe directly owns 70,055 shares of common stock, which includes restricted stock units vesting at different dates.
• He also indirectly owns shares through a foundation (14,920 shares), an LLC (69,440 shares), and a trust (12,054 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 standard regulatory filing, so the sentiment is neutral.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company directors and officers.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, beneficial ownership, phantom stock, Orange County Bancorp, director, Holcombe, OBT, common stock