Form 4: Orange County Bancorp Executive Reports Stock Transactions
SEC Form 4 Filing
David P. Dineen, SVP, Dir. Wealth Services at Orange County Bancorp, reports disposition of shares for tax purposes and holdings in 401(k).
Summary
- David P. Dineen, a Senior Vice President and Director of Wealth Services at Orange County Bancorp, Inc., filed a Form 4.
- The report details changes in beneficial ownership of the company's common stock.
- On March 10, 2025, Dineen disposed of 276 shares of common stock at a price of $23.95 per share to cover tax obligations.
- Following the transaction, Dineen directly owns 6,712 shares of common stock.
- Dineen also indirectly owns 1,200 shares through a 401(k) plan.
- The filing notes a two-for-one forward stock split that occurred on January 10, 2025.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating standard transactions. There is nothing inherently positive or negative, 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. This filing indicates standard transactions related to executive compensation and tax obligations.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
- It provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| May 28, 2023 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| March 11, 2024 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| January 10, 2025 | Two-for-one forward stock split of the Issuer's common stock. |
| March 10, 2025 | Date of stock disposition by David P. Dineen. |
| March 12, 2025 | Date of signature on the Form 4 filing. |
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