Form 4: Orange County Bancorp Director Rouis Jonathan F Reports Acquisition of Common Stock and Phantom Stock
SEC Form 4 Filing
Director Rouis Jonathan F reports changes in beneficial ownership of Orange County Bancorp, Inc. securities, including common stock and phantom stock, as of July 1, 2024.
Summary
- On July 1, 2024, Jonathan F Rouis, a director of Orange County Bancorp, Inc., reported changes in beneficial ownership.
- The reported transactions include the acquisition of 5,151 shares of common stock and 79 shares of phantom stock.
- Mr. Rouis directly owns 5,151 shares of common stock and indirectly owns 200 shares through a spouse.
- He also holds 1,427 shares of phantom stock.
- The phantom stock becomes payable upon the reporting person's separation of service as a director.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in the financial industry. It provides transparency regarding the holdings of company directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership stake of a company director.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of earliest transaction (acquisition of common stock and phantom stock) |
| 07/03/2024 | Date of signature for the report |
| 08/08/2024 | Date restricted stock units vest 100% |
| 03/21/2025 | Date restricted stock units vest 100% |
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