Form 4: Orange County Bancorp SVP Acquires Shares and Restricted Stock Units
SEC Form 4 Filing
Michael Listner, SVP and Chief Risk Officer of Orange County Bancorp, reports acquiring shares and restricted stock units.
Summary
- On March 20, 2025, Michael Listner, SVP and Chief Risk Officer of Orange County Bancorp, acquired 3,268 restricted stock units.
- These restricted stock units vest at a rate of 1/3 per year commencing on March 20, 2026.
- Following the transaction, Listner beneficially owns 8,732 shares of common stock, which includes previously granted restricted stock units vesting on March 11, 2024, and March 21, 2025.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard insider transaction report. The acquisition of shares and restricted stock units by an executive is generally viewed as a neutral to slightly positive indicator.
Positives
- The acquisition of restricted stock units by a key executive could be seen as a positive sign of confidence in the company's future performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The transaction provides shareholders with insight into the executive's investment in the company.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Commencement date for vesting of some restricted stock units at a rate of 1/3 per year. |
| 03/21/2025 | Commencement date for vesting of some restricted stock units at a rate of 1/3 per year. |
| 03/20/2025 | Date of transaction: Acquisition of 3,268 restricted stock units. |
| 03/20/2026 | Commencement date for vesting of the newly acquired restricted stock units at a rate of 1/3 per year. |
| 03/24/2025 | Date of signature for the Form 4 filing. |
Keywords
Orange County Bancorp, Michael Listner, restricted stock units, beneficial ownership, Form 4, OBT, SVP, Chief Risk Officer
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