Form 4: Orange County Bancorp EVP Michael Coulter Reports Acquisition of Common Stock
SEC Form 4 Filing
Michael J. Coulter, EVP and CLO of Orange County Bancorp, Inc., reports the acquisition of 2,641 shares of common stock on March 21, 2024.
Summary
- On March 21, 2024, Michael J. Coulter, the EVP and CLO of Orange County Bancorp, Inc., acquired 2,641 shares of common stock.
- The acquisition was reported on a Form 4 filing with the SEC.
- Following the transaction, Coulter directly owns 6,201 shares of Orange County Bancorp, Inc.
- The reported transaction also includes holdings of restricted stock and restricted stock units vesting over time.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of insider trading activity. The acquisition of shares by an executive is generally viewed as a positive sign, but without additional context, it's difficult to gauge the overall impact.
Positives
- The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's valuation and future performance. This filing is a routine disclosure required by the SEC.
Stakeholder Impact
- Shareholders may view the insider purchase as a positive signal, potentially increasing confidence in the company.
- The transaction itself has minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | Commencement date for vesting of some restricted stock at a rate of 1/3 per year. |
| 09/21/2022 | Commencement date for vesting of some restricted stock units at a rate of 1/3 per year. |
| 02/15/2023 | Commencement date for vesting of some restricted stock units at a rate of 1/3 per year. |
| 03/21/2024 | Date of the reported transaction where Michael J. Coulter acquired 2,641 shares of common stock. |
| 03/25/2024 | Date of the Form 4 filing. |
| 03/21/2025 | Commencement date for vesting of some restricted stock units at a rate of 1/3 per year. |
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