Form 4: Orange County Bancorp Director Holcombe Reports Beneficial Ownership Changes
SEC Form 4 Filing
Gregory F. Holcombe, a director at Orange County Bancorp, reported changes in beneficial ownership, 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 stock.
- The report indicates direct ownership of 34,980 shares of common stock, including restricted stock units vesting at different dates.
- Holcombe also holds shares indirectly through a foundation (7,460 shares), an LLC (34,720 shares), and a trust (6,027 shares).
- He acquired 37 shares of phantom stock on June 15, 2024, at a price of $44.62 per share, which are payable upon separation of service as a director.
- The phantom stock is the economic equivalent of one share of common stock.
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.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of a company director.
Key Dates
| Date | Description |
|---|---|
| 06/15/2024 | Date of transaction involving phantom stock acquisition. |
| 06/17/2024 | Date of signature for the Form 4 filing. |
| 08/08/2024 | Date on which some restricted stock units vest. |
| 03/21/2025 | Date on which some restricted stock units vest. |
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