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 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
| Date | Description |
|---|---|
| 04/30/2025 | Date of transaction: acquisition of phantom stock |
| 05/01/2025 | Date of filing the Form 4 |
| 02/20/2026 | Restricted stock units vest 100% on this date |
Keywords
Form 4, Beneficial Ownership, Phantom Stock, Director, Orange County Bancorp, OBT, Rowley
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