Form 4: Orange County Bancorp Director Olga Luz Tirado Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director Olga Luz Tirado reports acquiring phantom stock and common stock equivalents in Orange County Bancorp, Inc.
Summary
- On January 2, 2025, Olga Luz Tirado, a director of Orange County Bancorp, Inc., reported a transaction involving the acquisition of phantom stock.
- Tirado acquired 23 shares of phantom stock, each equivalent to one share of common stock, at a price of $53.98.
- Additionally, Tirado owns 551 shares of common stock, including restricted stock units that vest on March 21, 2025, and are settled upon separation from service.
- The phantom stock becomes payable upon Tirado's separation of service as a director.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and principal stockholders) of publicly traded companies, providing transparency into their transactions in the company's securities.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: Acquisition of phantom stock. |
| 01/03/2025 | Date of signature for the report. |
| 03/21/2025 | Vesting date for restricted stock units. |
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