Form 4: Orange County Bancorp EVP Gregory Sousa Sells Shares

Gregory Sousa, EVP and Deputy CLO of Orange County Bancorp, Inc., sold 426 shares of common stock at $55 per share on November 5, 2024.

Summary

• On November 5, 2024, Gregory Sousa, an EVP and Deputy CLO at Orange County Bancorp, Inc., sold 426 shares of common stock at a price of $55 per share.
• Following the transaction, Sousa directly owns 4,252 shares of common stock.
• Sousa also indirectly owns 2,172 shares through a 401(k).
• The directly held shares include restricted stock units vesting over three years, commencing on February 15, 2023, March 11, 2024, and March 21, 2025.
• Sousa also has 1,184 phantom stock interests under the Performance-Based SERP, which may be settled in company stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are a routine part of the regulatory landscape, providing transparency into the trading activities of company insiders. This particular filing indicates a sale of shares by an executive, which could be for personal financial planning reasons or other motivations.

Stakeholder Impact

• The sale of shares by an executive could be perceived differently by stakeholders; some may see it as a lack of confidence in the company, while others may view it as a normal part of personal financial management.

Key Dates