Form 4: Orange County Bancorp Executive Ruhl Reports Stock Disposal
SEC Form 4 Filing
Joseph A. Ruhl, a Regional President at Orange County Bancorp, reported disposing of 459 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 10, 2025, Joseph A. Ruhl, a Regional President at Orange County Bancorp, disposed of 459 shares of common stock.
- The transaction was executed at a price of $23.95 per share.
- This disposal was related to covering tax obligations associated with vesting restricted stock units.
- Following the transaction, Ruhl beneficially owns 27,967 shares of Orange County Bancorp common stock.
- The reported holdings include restricted stock units vesting annually, starting March 11, 2024, and March 21, 2025.
- A two-for-one forward stock split occurred on January 10, 2025, affecting the share count.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reports a routine transaction (disposal of shares for tax obligations) by an executive, which doesn't inherently indicate positive or negative performance for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a sale of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/10/2025 | Two-for-one forward stock split of the Issuer's common stock |
| 03/10/2025 | Date of stock disposal transaction |
| 03/11/2024 | Commencement date for vesting of some restricted stock units (1/3 per year) |
| 03/21/2025 | Commencement date for vesting of some restricted stock units (1/3 per year) |
| 03/12/2025 | Date of signature on the Form 4 filing |
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