Form 4: Orange County Bancorp Executive Sells 700 Shares

Stephen Rooney, SVP and Chief Credit Officer of Orange County Bancorp, sold 700 shares of common stock at $58.31 per share on December 2, 2024.

Summary

• Stephen Rooney, a Senior Vice President and Chief Credit Officer at Orange County Bancorp, sold 700 shares of the company's common stock on December 2, 2024.
• The sale was executed at a price of $58.31 per share.
• Following the transaction, Mr. Rooney still beneficially owns 3,175 shares of Orange County Bancorp stock.
• The reported holdings include restricted stock units that vest over three years, with vesting start dates in November 2023, March 2024, and March 2025.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider stock sale, with no indication of positive or negative sentiment.

Industry Context

This is a routine Form 4 filing, which is common for corporate insiders who trade company stock. It provides transparency into the transactions of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The sale by Mr. Rooney is not unusual and is similar to transactions by executives at other comparable financial institutions.

Stakeholder Impact

• The stock sale by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial health.

Key Dates

Keywords

Orange County Bancorp, stock sale, insider trading, Stephen Rooney, OBT, executive transaction, restricted stock units