Form 4: Orange County Bancorp Director Rouis Acquires Phantom Stock

Director Jonathan F. Rouis of Orange County Bancorp, Inc. reports acquisition of phantom stock and holdings of common stock, including restricted stock units.

Summary

• On October 1, 2024, Jonathan F. Rouis, a director of Orange County Bancorp, Inc., reported a transaction involving phantom stock.
• Rouis acquired 64 shares of phantom stock at a price of $58.51 per share.
• Rouis directly owns 5,151 shares of common stock, which includes restricted stock units vesting at different dates.
• Rouis also indirectly owns 200 shares of common stock through a spouse.
• The phantom stock becomes payable upon Rouis's separation of service as a director.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a director's stock transactions, indicating neutral sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director's holdings and alignment with company performance.

Key Dates