Form 4: Orange County Bancorp Executive Reports Routine Stock Disposition for Tax Purposes

David P. Dineen, SVP and Director of Wealth Services at Orange County Bancorp, Inc., reported the disposition of 240 common shares at $25.85 per share, likely for tax withholding related to restricted stock unit vesting.

Summary

• David P. Dineen, SVP and Director of Wealth Services at Orange County Bancorp, Inc. (OBT), reported a transaction on May 28, 2025.
• The transaction involved the disposition of 240 shares of Common Stock at a price of $25.85 per share.
• This disposition is identified by transaction code 'F', indicating it was for the payment of tax liability incident to the vesting of a security.
• Following this transaction, Mr. Dineen directly beneficially owns 9,214 shares of Common Stock.
• Additionally, Mr. Dineen indirectly beneficially owns 1,758 shares of Common Stock through a 401(k) plan.
• His direct holdings include restricted stock units with various vesting schedules: 1/3 per year commencing May 28, 2023; 1/3 per year commencing March 11, 2024; and 1/3 per year commencing March 20, 2026.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition for tax purposes related to equity compensation, which is a neutral event and does not indicate any significant positive or negative sentiment regarding the company's prospects.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction, focusing solely on an insider's stock transaction.

Industry Context

This Form 4 filing details a routine insider transaction for Orange County Bancorp, Inc., a financial institution. Such transactions are common in the banking sector, particularly related to executive compensation and tax planning, and do not typically reflect broader industry trends unless they involve significant, unusual volumes or patterns across multiple insiders.

Related Party Transactions

• The reported transaction is a related party transaction by definition, as it involves an officer of the company disposing of company stock. Specifically, David P. Dineen, SVP, Dir. Wealth Services, disposed of 240 shares of Orange County Bancorp, Inc. common stock.

Stakeholder Impact

• Shareholders: The disposition of 240 shares by an insider is a very small volume relative to the total outstanding shares and is unlikely to have a material impact on the company's stock price or shareholder value. It represents a routine tax-related event rather than a change in confidence.
• Employees: No direct impact on employees is indicated by this filing.
• Customers: No direct impact on customers is indicated by this filing.
• Suppliers: No direct impact on suppliers is indicated by this filing.
• Creditors: No direct impact on creditors is indicated by this filing.

Key Dates

Keywords

Orange County Bancorp, OBT, SEC Form 4, Insider Trading, Stock Disposition, Restricted Stock Units, Tax Withholding, David P. Dineen, Financial Services, Banking