Form 4: Orange County Bancorp EVP Michael Lesler Reports Stock Transactions
SEC Form 4 Filing
Michael Lesler, EVP and CFO of Orange County Bancorp, reports the disposition of 120 shares of common stock to cover tax obligations, while also holding shares through 401(k) and IRA accounts.
Summary
- Michael Lesler, the EVP and Chief Financial Officer of Orange County Bancorp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On December 23, 2024, Lesler disposed of 120 shares of common stock at a price of $54.78 per share.
- This transaction was related to tax obligations.
- Following the transaction, Lesler directly owns 3,736 shares of common stock.
- Lesler also indirectly owns 245 shares through a 401(k) and 1,000 shares through an IRA.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. There is nothing inherently positive or negative about the information, but transparency is generally viewed favorably.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 12/23/2023 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| 03/11/2024 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| 12/23/2024 | Date of the reported stock transaction (disposal of 120 shares). |
| 03/21/2025 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
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