Form 4: Orange County Bancorp Director Holcombe Reports Stock Transactions

Director Gregory F. Holcombe reports changes in beneficial ownership of Orange County Bancorp stock, including acquisitions and disposals of common and phantom stock.

Summary

• Gregory F. Holcombe, a director of Orange County Bancorp, reported transactions involving the company's stock.
• On March 15, 2024, Holcombe acquired phantom stock equivalent to 33 shares of common stock at a price of $47.1.
• Holcombe also disposed of 6,780 shares of phantom stock.
• Following these transactions, Holcombe directly owns 34,429 shares of common stock, including restricted stock units vesting at grant and on August 8, 2024.
• Holcombe also indirectly owns 7,460 shares through a foundation, 34,720 shares through an LLC, and 6,027 shares through a trust.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the financial industry. It provides transparency to investors regarding the actions of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in publicly traded companies, ensuring compliance with SEC regulations.
• Similar filings are made by directors and officers of comparable regional banks, such as Bank of Marin Bancorp and OceanFirst Financial Corp, whenever they trade their company's stock.

Stakeholder Impact

• The transactions may influence investor perception of the company, but the impact is likely minimal given the relatively small number of shares involved.

Key Dates