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

• On September 16, 2024, Richard B. Rowley, a director of Orange County Bancorp, Inc., reported acquiring phantom stock.
• The phantom stock is the economic equivalent of 30 shares of common stock.
• The price of the derivative security was $59.43.
• Rowley directly owns 7,740 derivative securities following the reported transaction.
• Rowley also directly owns 269,135 shares of common stock, including restricted stock units that vest and are settled upon separation from service.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The acquisition of phantom stock could be interpreted as a mildly positive signal, but it's not a major event.

Positives

• The acquisition of phantom stock by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of restricted stock units in the future suggests continued employment or service of the reporting person.

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 ongoing investment in the company.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a director.

Key Dates