Form 4: Orange County Bancorp Director Rowley Reports Acquisition of Phantom Stock
SEC Filing
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 equivalent to 97 shares of common stock at a price of $24.18 on March 17, 2025.
- Rowley directly owns 538,635 shares of common stock, including restricted stock units that vest at different dates.
- The phantom stock becomes payable upon Rowley's separation of service as a director.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
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 insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Date of transaction: Acquisition of phantom stock. |
| 03/19/2025 | Date of signature on the Form 4 filing. |
| 03/21/2025 | Vesting date for some restricted stock units. |
| 02/20/2026 | Vesting date for some restricted stock units. |
Keywords
Form 4, beneficial ownership, phantom stock, restricted stock units, Orange County Bancorp, director, Rowley
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