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 240 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On September 23, 2024, Joseph A. Ruhl, a Regional President at Orange County Bancorp, disposed of 240 shares of common stock.
- The transaction was executed at a price of $58.5 per share.
- The disposal was related to the satisfaction of tax obligations.
- Following the transaction, Ruhl beneficially owns 15,374 shares of Orange County Bancorp common stock.
- The reported holdings include restricted stock units vesting annually.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations. It doesn't indicate any significant positive or negative outlook for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future performance.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small disposal of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| September 21, 2022 | Commencement date for 1/3 per year vesting of restricted stock units. |
| February 15, 2023 | Commencement date for 1/3 per year vesting of restricted stock units. |
| March 11, 2024 | Commencement date for 1/3 per year vesting of restricted stock units. |
| September 23, 2024 | Date of stock disposal transaction. |
| March 21, 2025 | Commencement date for 1/3 per year vesting of restricted stock units. |
| September 25, 2024 | Date of signature for the Form 4 filing. |
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