Form 4: Orange County Bancorp Officer Sells Shares for Tax

Orange County Bancorp's SVP, Chief Credit Officer, Stephen Rooney, reported the disposition of 721 common shares for tax purposes.

Summary

• Stephen Rooney, SVP, Chief Credit Officer of Orange County Bancorp, Inc. (OBT), reported a transaction on November 10, 2025.
• The transaction involved the disposition of 721 shares of Common Stock at a price of $26.48 per share.
• The transaction code 'F' indicates the shares were disposed of to cover tax withholding obligations.
• Following this transaction, Stephen Rooney beneficially owns 8,268 shares of Common Stock.
• Beneficial ownership includes restricted stock units with various vesting schedules: 1/3 per year commencing November 8, 2023; 1/3 per year commencing March 11, 2024; 1/3 per year commencing March 21, 2025; and 1/3 per year commencing March 20, 2026.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary insider transaction for tax purposes, which is neutral in sentiment and does not indicate any change in management's outlook or company fundamentals.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction, focusing solely on an insider transaction.

Industry Context

This Form 4 filing details a routine insider transaction for tax purposes and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: The transaction is a routine tax-related disposition and is unlikely to have a significant direct impact on the company's share price or long-term value for shareholders.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• Continued vesting of restricted stock units on their respective schedules, with the next commencement dates being March 21, 2025, and March 20, 2026.

Key Dates

Recommendation

This Form 4 details a routine, non-discretionary disposition of shares by an insider to cover tax obligations. It does not provide new fundamental information about Orange County Bancorp's financial health, operational performance, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining any existing investment thesis.

Keywords

Orange County Bancorp, OBT, Stephen Rooney, Insider Transaction, Form 4, Stock Disposition, Tax Withholding, Restricted Stock Units