Form 4: Orange County Bancorp Director Rowley Reports Beneficial Ownership Changes
SEC Filing
Director Richard B. Rowley reports changes in beneficial ownership of Orange County Bancorp, Inc. securities, including phantom stock acquisition.
Summary
- Richard B. Rowley, a director of Orange County Bancorp, Inc., filed a Form 4 detailing changes in his beneficial ownership.
- The report indicates the acquisition of phantom stock on July 1, 2024, representing 447 shares of common stock at a price of $47.51 per share.
- Rowley directly owns 269,135 shares of common stock, including restricted stock units that vest upon separation from service.
- He also holds 7,710 shares of phantom stock, payable upon separation of service as a director.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a standard regulatory filing reporting changes in beneficial ownership.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of phantom stock acquisition |
| 07/03/2024 | Date of Form 4 filing |
| 08/08/2024 | Date restricted stock units vest 100% |
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