Form 4: Orange County Bancorp Director Rowley Reports Acquisition of Phantom Stock

Director Richard B. Rowley reports acquiring phantom stock in Orange County Bancorp, Inc.

Summary

• Richard B. Rowley, a director of Orange County Bancorp, Inc., filed a Form 4 on December 18, 2024.
• The form reports a transaction that occurred on December 16, 2024.
• Rowley acquired phantom stock, with each share being the economic equivalent of one share of common stock.
• The price of the phantom stock was $59.24 per share, and 34 shares were acquired.
• Following the transaction, Rowley beneficially owns 8,137 derivative securities.
• Rowley also directly owns 269,135 shares of common stock, including restricted stock units that vest at different dates and are settled upon separation from service.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a transaction by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

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

Key Dates