Form 4: Orange County Bancorp EVP Michael Coulter Reports Stock Disposal
SEC Form 4 Filing
Michael Coulter, EVP and CLO of Orange County Bancorp, reports the disposal of 463 shares of common stock to cover tax obligations.
Summary
- On February 18, 2025, Michael J Coulter, EVP and CLO of Orange County Bancorp, disposed of 463 shares of common stock.
- The transaction was related to covering tax obligations.
- Following the transaction, Coulter directly owns 8,607 shares of common stock.
- Coulter also indirectly owns 32 shares of common stock through a 401(k).
- The reported transactions also reflect a two-for-one forward stock split of the Issuer's common stock which occurred on January 10, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents a routine transaction for tax purposes and doesn't indicate a significant change in the insider's overall holdings or confidence in the company.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes by an executive.
Key Dates
| Date | Description |
|---|---|
| February 15, 2023 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| March 11, 2024 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| January 10, 2025 | Two-for-one forward stock split of the Issuer's common stock. |
| March 21, 2025 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| February 18, 2025 | Date of stock disposal transaction. |
| February 20, 2025 | Date of signature for the Form 4 filing. |
Keywords
Orange County Bancorp, Michael Coulter, Stock Disposal, Form 4, OBT, EVP, CLO, Beneficial Ownership, Insider Trading
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