Form 4: Orange County Bancorp Executive Acquires Shares Through Vesting of Restricted Stock Units

Joseph A. Ruhl, a Regional President at Orange County Bancorp, acquired 2,765 shares of common stock on March 21, 2024, through the vesting of restricted stock units.

Summary

• On March 21, 2024, Joseph A. Ruhl, a Regional President at Orange County Bancorp, acquired 2,765 shares of common stock.
• The acquisition was due to the vesting of restricted stock units at a price of $0.
• Following the transaction, Ruhl directly owns 15,614 shares of Orange County Bancorp.
• The shares include restricted stock which vest at a rate of 1/3 per year commencing on February 15, 2022.
• The shares include restricted stock units which vest at a rate of 1/3 per year commencing on September 21, 2022.
• The shares include restricted stock units which vest at a rate of 1/3 per year commencing on February 15, 2023.
• The shares include restricted stock units which vest at a rate of 1/3 per year commencing on March 11, 2024.
• Restricted stock units vest at a rate of 1/3 per year commencing on March 21, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard insider transaction related to compensation.

Positives

• The vesting of restricted stock units suggests the executive is incentivized to perform well, aligning his interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of the financial industry, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder confidence due to the increased alignment of executive and shareholder interests.

Key Dates