Form 4: Orange County Bancorp Director Kevin J. Keane Reports Beneficial Ownership Changes

Director Kevin J. Keane reports changes in beneficial ownership of Orange County Bancorp, Inc. stock, including acquisitions of common stock and phantom stock.

Summary

• Kevin J. Keane, a director of Orange County Bancorp, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The report indicates transactions including the acquisition of common stock and phantom stock.
• As of the report, Keane directly owns 9,650 shares of common stock, which includes restricted stock units vesting upon separation from service.
• He also indirectly owns 3,700 shares through a partnership and 416 shares through a 401(k).
• Keane acquired 19 shares of phantom stock on March 15, 2024, at a price of $47.10, which are payable upon separation of service as a director.
• The phantom stock is the economic equivalent of one share of common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions. It's a standard practice for publicly traded companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership of company stock by a director.

Key Dates