Form 4: Orange County Bancorp Executive Vice President Gregory Sousa Sells Shares

Gregory Sousa, EVP and Deputy CLO of Orange County Bancorp, Inc., sold shares of common stock on May 2, 2025, according to a recent SEC Form 4 filing.

Summary

• Gregory Sousa, an Executive Vice President and Deputy Chief Lending Officer at Orange County Bancorp, Inc., reported the sale of company stock on May 2, 2025.
• The sales were executed in multiple transactions at prices ranging from $24.60 to $25 per share.
• A total of 2,240 shares of common stock were sold.
• Following the reported transactions, Sousa directly owns 10,280 shares of common stock and indirectly owns 5,263 shares through a 401K.
• He also holds 3,621 units of phantom stock related to the Performance-Based SERP.
• Some of the directly held shares are subject to vesting schedules.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting an executive's stock sale; it doesn't inherently convey positive or negative sentiment, but the market may interpret the sale based on their own analysis.

Industry Context

Executive stock sales are a common occurrence and are often scrutinized by investors for insights into management's perspective on the company's future prospects; however, they can also be driven by personal financial planning needs.

Comparison to Industry Standards

• Comparing executive compensation and stock ownership to peers like Community Bank System, Inc. and New York Community Bancorp could provide context.
• Analyzing the vesting schedules of restricted stock units against industry norms would be beneficial.
• Benchmarking the Performance-Based SERP against similar programs at comparable financial institutions can offer insights into its competitiveness.

Stakeholder Impact

• The stock sale could potentially influence shareholder sentiment, depending on the size and context of the transaction.
• There is no direct impact on employees, customers, suppliers, or creditors mentioned in the filing.

Key Dates

Keywords

Orange County Bancorp, Gregory Sousa, stock sale, Form 4, insider trading, OBT, executive compensation, restricted stock units, phantom stock, SERP, 401K