Form 4: Orange County Bancorp Director Rouis Acquires Shares and Restricted Stock Units

Director Jonathan F. Rouis acquired shares and restricted stock units in Orange County Bancorp, Inc. on March 21, 2024.

Summary

• On March 21, 2024, Jonathan F. Rouis, a director of Orange County Bancorp, Inc., acquired 551 shares of common stock.
• These shares were acquired at a price of $0.
• Rouis also holds restricted stock units that vest at different dates and are settled in shares of Issuer common stock upon separation from service.
• Following the transaction, Rouis directly owns 5,151 shares of common stock and indirectly owns 200 shares through a spouse.
• He also holds 1,263 shares of phantom stock, which are the economic equivalent of common stock and become payable upon separation of service as a director.

Sentiment

Score: 5

Explanation: The sentiment is neutral. It's a routine disclosure of insider transactions. The acquisition of shares could be seen as slightly positive, but it's not a significant amount.

Positives

• The director's acquisition of shares could be interpreted as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future performance.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment.

Key Dates