Form 4: Orange County Bancorp Director Richard B. Rowley Reports Stock Disposal and Acquisition

Director Richard B. Rowley reports a disposal of common stock and acquisition of phantom stock and restricted stock units in Orange County Bancorp.

Summary

• On March 21, 2025, Richard B. Rowley, a director of Orange County Bancorp, Inc., reported a transaction involving the company's stock.
• Rowley disposed of 1,102 shares of common stock.
• Following the transaction, Rowley beneficially owns 537,263 shares of common stock, which includes restricted stock units.
• Rowley also acquired 1,124 shares of phantom stock, which are economically equivalent to common stock and payable upon separation of service as a director.
• The restricted stock units vest 100% on March 21, 2025, and February 20, 2026, and are settled in shares of Issuer common stock upon separation from service of the reporting person.
• These restricted stock units, including accumulated dividends, were deferred into the Orange County Bancorp, Inc. Stock-Based Deferral Plan, as amended and restated.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company insider, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Orange County Bancorp, Richard B. Rowley, Director, Stock Disposal, Phantom Stock, Restricted Stock Units, Beneficial Ownership, Form 4