Form 4: Orange County Bancorp Director Reports Acquisition of Phantom Stock

Marianna R. Kennedy, a director of Orange County Bancorp, reported the acquisition of phantom stock units equivalent to 11 shares of common stock at a price of $59.43 per share on September 16, 2024.

Summary

• On September 16, 2024, Marianna R. Kennedy, a director at Orange County Bancorp, reported acquiring phantom stock.
• The transaction involved the acquisition of phantom stock units equivalent to 11 shares of common stock.
• The price of the phantom stock was $59.43 per share.
• Following the transaction, Kennedy directly owns 2,874 derivative securities.
• Kennedy also directly owns 1,301 shares of common stock, including restricted stock units that vest at different dates and are settled upon separation from service.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a transaction by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

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 investment decisions regarding the company's stock.

Comparison to Industry Standards

• Tracking insider transactions is a standard practice in financial analysis.
• Comparable companies would have similar filings related to their directors' stock ownership and transactions.
• The level of detail provided in this Form 4 is consistent with regulatory requirements.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's investment in the company.
• It can influence investor sentiment depending on how they interpret the director's actions.

Key Dates