Form 4: Orange County Bancorp Director Jon Schiller Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director Jon Schiller reports acquiring phantom stock in Orange County Bancorp, Inc.
Summary
- On April 1, 2025, Jon Schiller, a director of Orange County Bancorp, Inc., acquired phantom stock.
- The transaction involved 808 shares of phantom stock at a price of $23.91 each.
- Following the transaction, Schiller directly owns 5,995 shares of common stock and 1,527 shares of phantom stock.
- Schiller also holds restricted stock units that vest on February 20, 2026, and are settled in shares of common stock upon separation from service.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a transaction by a company director, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of transaction: acquisition of phantom stock |
| 04/03/2025 | Date of report filing |
| 02/20/2026 | Vesting date for restricted stock units |
Keywords
Orange County Bancorp, Director, Jon Schiller, Phantom Stock, Beneficial Ownership, Form 4, OBT
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