Form 4: Orange County Bancorp Executive Reports Changes in Beneficial Ownership

Gregory Sousa, EVP and Deputy CLO of Orange County Bancorp, reports changes in beneficial ownership of company stock, including acquisitions and disposals of common stock and phantom stock.

Summary

• Gregory Sousa, an executive at Orange County Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The report indicates transactions involving common stock and phantom stock.
• Sousa directly owns 7,669 shares of common stock, which includes restricted stock units vesting over time.
• He also directly owns 4,655 shares of common stock from transactions not required to be reported.
• The report also covers deemed investments in phantom stock related to the Performance-Based SERP, which may be settled in company stock upon distribution.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's confidence in the company's prospects.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• It offers insights into management's actions, which can influence investor sentiment.

Key Dates

Keywords

Form 4, Beneficial Ownership, Orange County Bancorp, OBT, Gregory Sousa, Executive Compensation, Phantom Stock, Restricted Stock Units, Securities Exchange Act