Form 4: Orange County Bancorp EVP Michael Coulter Reports Stock Sale
SEC Form 4 Filing
Michael Coulter, EVP and CLO of Orange County Bancorp, reports the sale of 2,497 shares of common stock at $26.17 per share on May 5, 2025.
Summary
- On May 5, 2025, Michael Coulter, the EVP and CLO of Orange County Bancorp, sold 2,497 shares of the company's common stock.
- The sale price was $26.17 per share.
- Following the transaction, Coulter directly owns 4,984 shares of common stock.
- Coulter also indirectly owns 32 shares through a 401(k).
- The reported holdings include restricted stock units vesting annually, commencing on March 11, 2024, and March 21, 2025.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when a company insider, like an executive officer, buys or sells shares of their company's stock. It provides transparency to the market regarding insider transactions.
Stakeholder Impact
- The stock sale by an executive may have a minor impact on shareholder sentiment, but is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| March 11, 2024 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| March 21, 2025 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| May 05, 2025 | Date of the stock sale transaction. |
| May 07, 2025 | Date of signature on the Form 4 filing. |
Keywords
Orange County Bancorp, Michael Coulter, Stock Sale, Form 4, Beneficial Ownership, OBT, EVP, CLO
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