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

Sentiment:

SEC Filing


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

Summary

  • On April 30, 2025, Richard B. Rowley, a director of Orange County Bancorp, Inc., reported the acquisition of 274 shares of phantom stock.
  • These phantom stock shares are the economic equivalent of common stock and become payable upon separation of service as a director.
  • The price of the phantom stock is $23.72.
  • Following the transaction, Rowley directly owns 537,263 shares of common stock and 20,476 shares of phantom stock.
  • The reporting was filed on May 1, 2025.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, indicating a standard transaction. It doesn't inherently suggest positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

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

Key Dates

DateDescription
04/30/2025Date of transaction: acquisition of phantom stock
05/01/2025Date of filing the Form 4
02/20/2026Restricted stock units vest 100% on this date

Keywords

Form 4, Beneficial Ownership, Phantom Stock, Director, Orange County Bancorp, OBT, Rowley

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