Form 4: Orange County Bancorp Director Holcombe Reports Beneficial Ownership Changes

Gregory F. Holcombe, a director at Orange County Bancorp, reported changes in beneficial ownership of the company's stock, including acquisitions of phantom stock and holdings through various entities.

Summary

• Gregory F. Holcombe, a director of Orange County Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The report indicates direct ownership of 34,980 shares of common stock, including restricted stock units that vest upon separation from service.
• Holcombe also holds shares indirectly through a foundation (7,460 shares), an LLC (34,720 shares), and a trust (6,027 shares).
• Additionally, he acquired 447 shares of phantom stock on July 1, 2024, at a price of $47.51 per share, bringing his total phantom stock holdings to 7,710 shares.
• These phantom stock units are the economic equivalent of common stock shares and become payable upon his separation of service as a director.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Key Dates