Form 4: Orange County Bancorp SVP Acquires Shares and Reports Changes in Beneficial Ownership

David P. Dineen, SVP, Director of Wealth Services at Orange County Bancorp, reports acquisition of shares and changes in beneficial ownership.

Summary

• David P. Dineen, a Senior Vice President and Director of Wealth Services at Orange County Bancorp, Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on March 21, 2024, where Dineen acquired 1,717 shares of Common Stock.
• The acquisition was related to restricted stock units vesting at a rate of 1/3 per year commencing on March 21, 2025.
• Following the reported transaction, Dineen beneficially owns 3,614 shares of Common Stock.
• The filing also mentions restricted stock units vesting at a rate of 1/3 per year commencing on May 28, 2023, and March 11, 2024.
• Additionally, the filing reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing, indicating neutral sentiment. It reflects routine transactions and does not inherently suggest positive or negative implications for the company's performance.

Positives

• The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates