Form 4: Orange County Bancorp Executive Ruhl Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Joseph A. Ruhl, a Regional President at Orange County Bancorp, reported disposing of 664 shares of common stock on March 21, 2025, to cover tax obligations related to restricted stock units.
Summary
- On March 25, 2025, Joseph A. Ruhl, a Regional President at Orange County Bancorp, filed a Form 4 with the SEC.
- The form reports a transaction on March 21, 2025, where 664 shares of common stock were disposed of at a price of $24.15 per share.
- This transaction was to satisfy tax obligations related to vesting restricted stock units.
- Following the transaction, Ruhl beneficially owns 33,237 shares of Orange County Bancorp.
- The reported holdings include restricted stock units vesting annually, commencing on March 11, 2024, March 21, 2025, and March 20, 2026.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock disposal for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Commencement date for vesting of restricted stock units (1/3 per year). |
| 03/21/2025 | Date of stock disposal transaction. |
| 03/21/2025 | Commencement date for vesting of restricted stock units (1/3 per year). |
| 03/20/2026 | Commencement date for vesting of restricted stock units (1/3 per year). |
| 03/25/2025 | Date of Form 4 filing. |
Keywords
Form 4, Orange County Bancorp, Stock Disposal, Beneficial Ownership, Ruhl, Restricted Stock Units, OBT
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