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

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

Summary

• Gregory F. Holcombe, a director of Orange County Bancorp, Inc. [OBT], filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report indicates holdings of common stock both directly and indirectly through a foundation, an LLC, and a trust.
• Holcombe also acquired phantom stock, with each share representing the economic equivalent of one share of common stock, payable upon separation of service as a director.
• As of April 1, 2025, Holcombe directly owns 68,953 shares of common stock, which includes restricted stock units vesting at grant and on February 20, 2026, settled upon separation from service.
• He also indirectly owns 14,920 shares through a foundation, 69,440 shares through an LLC, and 12,054 shares through a trust.
• Holcombe acquired 915 shares of phantom stock at a price of $23.91 per share, bringing his total phantom stock holdings to 20,144 shares.

Sentiment

Score: 5

Explanation: This is a routine filing; the sentiment is neutral as it simply reports changes in ownership.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

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

Key Dates

Keywords

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