Form 4: Orange County Bancorp Director Olga Luz Tirado Acquires Shares and Restricted Stock Units
SEC Form 4 Filing
Director Olga Luz Tirado acquired shares and restricted stock units of Orange County Bancorp, Inc.
Summary
- On February 20, 2025, Olga Luz Tirado, a director of Orange County Bancorp, Inc., acquired 995 shares of common stock.
- These shares were acquired in the form of restricted stock units, which will vest on February 20, 2026, and will be settled in shares of the Issuer's common stock upon separation from service.
- Following the transaction, Tirado directly owns 2,097 shares of common stock.
- This number includes restricted stock units which vest 100% on March 21, 2025, and are settled in shares of Issuer common stock upon separation from service of the reporting person.
- Tirado also owns 46 shares of phantom stock, which are the economic equivalent of one share of common stock and become payable upon separation of service as a director.
- The reported holdings reflect a two-for-one forward stock split of the Issuer's common stock which occurred on January 10, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting dates of the restricted stock units.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their holdings in the company's stock.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the director's investment in the company.
- The acquisition of shares by a director can be seen as a positive signal to the market.
Key Dates
| Date | Description |
|---|---|
| January 10, 2025 | Two-for-one forward stock split of the Issuer's common stock occurred. |
| February 20, 2025 | Director Olga Luz Tirado acquired 995 restricted stock units. |
| February 21, 2025 | Date of signature for the Form 4 filing. |
| February 20, 2026 | Restricted stock units vest 100%. |
| March 21, 2025 | Restricted stock units vest 100%. |
Keywords
Orange County Bancorp, Director, Stock Acquisition, Restricted Stock Units, Form 4, Beneficial Ownership, Insider Trading, OBT, Olga Luz Tirado, Phantom Stock, Stock Split
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.