Form 4: Orange County Bancorp EVP Gregory Sousa Reports Stock Transactions

Gregory Sousa, EVP and Deputy CLO of Orange County Bancorp, reports the disposition of 625 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Gregory Sousa, an EVP and Deputy CLO at Orange County Bancorp, filed a Form 4 detailing changes in beneficial ownership.
• On March 21, 2025, Sousa disposed of 625 shares of common stock at a price of $24.15 per share to satisfy tax obligations.
• Following the transaction, Sousa directly owns 12,720 shares of common stock.
• Sousa also indirectly owns 4,937 shares through a 401(k).
• Additionally, Sousa holds 3,621 phantom stock units related to the Performance-Based SERP.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports facts.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates that an executive disposed of shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The transaction has a minimal impact on shareholders, as it represents a small percentage of the total outstanding shares.

Key Dates

Keywords

Form 4, Beneficial Ownership, Orange County Bancorp, Stock Transaction, Gregory Sousa, OBT, Restricted Stock Units, Phantom Stock, SERP