Form 4: Orange County Bancorp Executive Reports Stock Transaction

David P. Dineen, SVP, Dir. Wealth Services at Orange County Bancorp, reports the disposition of 120 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• On May 28, 2024, David P. Dineen, a Senior Vice President and Director of Wealth Services at Orange County Bancorp, Inc., reported a transaction involving the company's common stock.
• The transaction involved the disposition of 120 shares at a price of $49.10.
• This disposition was related to covering tax obligations associated with the vesting of restricted stock units.
• Following the transaction, Dineen directly owns 3,494 shares of common stock and indirectly owns 334 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction by an executive. It doesn't inherently convey positive or negative sentiment, as it's a standard disclosure.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a common practice for executives to sell shares to cover tax obligations when restricted stock units vest.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders, as it involves a small number of shares being sold by an executive to cover tax obligations.

Key Dates