Form 4: Orange County Bancorp EVP Michael Coulter Sells 1,000 Shares
SEC Form 4 Filing
Orange County Bancorp's EVP and CLO, Michael J Coulter, sold 1,000 shares of common stock at $51.84 per share on May 6, 2024.
Summary
- On May 6, 2024, Michael J Coulter, EVP and CLO of Orange County Bancorp, Inc., sold 1,000 shares of common stock.
- The sale price was $51.84 per share.
- Following the transaction, Coulter directly owns 5,201 shares of common stock.
- Coulter also indirectly owns shares through a 401(k).
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction; the impact depends on the broader context and investor perception.
Negatives
- The sale of shares by an executive could be perceived negatively by investors.
Risks
- Executive stock sales can sometimes signal a lack of confidence in the company's future performance, although this is not always the case.
Industry Context
Executive stock sales are a common occurrence in publicly traded companies and are often related to personal financial planning.
Stakeholder Impact
- The stock sale could have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | Commencement date for vesting of restricted stock at a rate of 1/3 per year. |
| 09/21/2022 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| 02/15/2023 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| 05/06/2024 | Date of the stock sale transaction. |
| 05/07/2024 | Date of the Form 4 filing. |
| 03/21/2025 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
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