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

Director Richard B. Rowley reports acquisition of phantom stock and holdings of common stock and restricted stock units in Orange County Bancorp.

Summary

• Richard B. Rowley, a director of Orange County Bancorp, Inc., filed a Form 4 indicating changes in beneficial ownership.
• The report details the acquisition of phantom stock on June 15, 2024, with a price of $44.62 per share, totaling 37 shares.
• Rowley directly owns 7,263 shares of phantom stock.
• 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: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock ownership changes by a director. The acquisition of phantom stock could be seen as a slightly positive sign, but it's not a major event.

Positives

• The director's continued holding of a significant number of shares demonstrates confidence in the company.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests.

Stakeholder Impact

• Shareholders can monitor insider transactions to gauge management's confidence in the company's prospects.

Key Dates