Form 4: Orange County Bancorp Director Kevin J. Keane Reports Stock Transactions

Director Kevin J. Keane reports acquisition of phantom stock and holdings in common stock through direct and indirect ownership.

Summary

• Kevin J. Keane, a director of Orange County Bancorp, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report indicates Keane acquired phantom stock on September 16, 2024, which is the economic equivalent of 18 shares of common stock at a price of $59.43.
• Keane directly owns 10,201 shares of common stock.
• He also indirectly owns 3,700 shares through a partnership and 416 shares through a 401(k).
• The report includes restricted stock units that vest at different dates and are settled in shares of Issuer common stock upon separation from service of the reporting person.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.

Stakeholder Impact

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

Key Dates