Form 4: Orange County Bancorp Director Keane Reports Stock Transactions

Director Kevin J. Keane reports acquisition and disposal of Orange County Bancorp stock and phantom stock units.

Summary

• Kevin J. Keane, a director of Orange County Bancorp, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report includes transactions involving common stock and phantom stock.
• Keane directly owns 10,201 shares of common stock, which includes restricted stock units vesting at different dates.
• He indirectly owns 3,700 shares through a partnership and 416 shares through a 401(k).
• Keane acquired phantom stock units representing 22 shares of common stock at a price of $59.24 on December 16, 2024.
• He also disposed of 5,140 phantom stock units.
• These phantom stock units become payable upon separation of service as a director.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company insider, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities. This allows investors to monitor the actions of those with privileged information.

Stakeholder Impact

• Shareholders can use this information to understand the investment behavior of a key company insider.

Key Dates