Form 4: Orange County Bancorp Director Rouis Jonathan F Reports Acquisition of Phantom Stock

Director Jonathan F. Rouis reports acquiring phantom stock in Orange County Bancorp, Inc.

Summary

• On September 16, 2024, Jonathan F. Rouis, a director of Orange County Bancorp, Inc., reported a transaction involving phantom stock.
• Rouis acquired phantom stock equivalent to 6 shares of common stock at a price of $59.43 per share.
• Following the transaction, Rouis directly owns 5,151 shares of common stock, which includes restricted stock units vesting at different dates and settling upon separation from service.
• 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 routine regulatory filing, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company's future.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director's holdings.

Key Dates