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

Director Rouis Jonathan F reports changes in beneficial ownership of Orange County Bancorp, Inc. securities, including the acquisition of phantom stock.

Summary

• On March 15, 2024, Jonathan F Rouis, a director of Orange County Bancorp, Inc., reported changes in beneficial ownership.
• The report includes the acquisition of phantom stock and holdings of common stock, both directly and indirectly through a spouse.
• Rouis directly owns 4,600 shares of common stock, including restricted stock units that vest upon separation from service or on August 8, 2024.
• Rouis also indirectly owns 200 shares of common stock through a spouse.
• Additionally, Rouis acquired phantom stock, with each share being the economic equivalent of one share of common stock and payable upon separation of service as a director.
• The price of the phantom stock was $47.1 per share, and Rouis now holds 1,262 shares of phantom stock.
• The report was signed by Jennifer Staub, pursuant to power of attorney, on March 18, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.

Key Dates