Form 4: Orange County Bancorp Director Jonathan F. Rouis Reports Stock Disposal and Phantom Stock Acquisition

Director Jonathan F. Rouis of Orange County Bancorp, Inc. reports the disposal of 450 common stock shares and acquisition of 458 phantom stock units on August 8, 2024.

Summary

• On August 8, 2024, Jonathan F. Rouis, a director of Orange County Bancorp, Inc. (OBT), reported a transaction involving the company's stock.
• Rouis disposed of 450 shares of common stock.
• He also acquired 458 units of phantom stock.
• Following these transactions, Rouis directly owns 4,701 shares of common stock, which includes restricted stock units vesting at different dates and settling upon separation from service.
• Additionally, he indirectly owns 200 shares through his spouse.
• The phantom stock units are economically equivalent to common stock shares and become payable upon his separation of service as a director.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The reporting person's holdings include restricted stock units that vest in the future and settle upon separation from service, as well as phantom stock units that become payable upon separation of service as a director.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

• The transactions reported may be of interest to shareholders as they provide insight into the actions of a company director.

Key Dates