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

Sentiment:

SEC Filing


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

Summary

  • Kevin J. Keane, a director of Orange County Bancorp, Inc., filed a Form 4 indicating changes in his beneficial ownership of the company's securities.
  • The report details transactions involving common stock and phantom stock.
  • As of March 17, 2025, Keane directly owns 20,497 shares of common stock.
  • He also indirectly owns 7,400 shares through a partnership and 832 shares through a 401(k).
  • Keane acquired 64 shares of phantom stock at a price of $24.18, bringing his total phantom stock holdings to 11,982 shares.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to investors regarding the holdings and transactions of company directors.

Comparison to Industry Standards

  • Form 4 filings are standard practice for publicly traded companies and their insiders.
  • The level of detail provided is consistent with SEC requirements.
  • Comparable companies would have similar filings for their directors and officers.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding the ownership of company stock by a director.
  • It helps stakeholders understand the alignment of interests between management and shareholders.

Key Dates

DateDescription
03/17/2025Date of the transaction involving phantom stock acquisition.
03/19/2025Date of signature for the Form 4 filing.
03/21/2025Date restricted stock units vest.
02/20/2026Date restricted stock units vest.

Keywords

beneficial ownership, Form 4, Orange County Bancorp, common stock, phantom stock, director, securities

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.