Form 4: Orange County Bancorp Director Richard B. Rowley Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director Richard B. Rowley reports acquisition of phantom stock and holdings of common stock and restricted stock units in Orange County Bancorp.
Summary
- On April 1, 2024, Richard B. Rowley, a director of Orange County Bancorp, Inc., acquired phantom stock representing 445 shares of common stock.
- The phantom stock was acquired at a price of $47.74 per share.
- Rowley directly owns 269,135 shares of common stock, including restricted stock units that vest at different dates and are settled upon separation from service.
- He also holds 7,225 derivative securities in the form of phantom stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a director's acquisition of phantom stock, which is a form of deferred compensation.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Acquisition of phantom stock. |
| 08/08/2024 | Restricted stock units vest 100%. |
| 03/21/2025 | Restricted stock units vest 100%. |
| 04/03/2024 | Date of Form 4 filing. |
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