Form 4: Orange County Bancorp SVP Acquires Shares Through Restricted Stock Units
SEC Form 4 Filing
Elizabeth A. Jones, SVP and Chief Operating Officer of Orange County Bancorp, acquired 2,695 shares of common stock through the vesting of restricted stock units on March 20, 2025.
Summary
- On March 20, 2025, Elizabeth A. Jones, SVP and Chief Operating Officer of Orange County Bancorp, acquired 2,695 shares of common stock.
- The acquisition was due to the vesting of restricted stock units.
- The price per share was $0.
- Following the transaction, Jones beneficially owns 8,525 shares of Orange County Bancorp.
- These shares include restricted stock units vesting annually, commencing on March 11, 2024, March 21, 2025, and March 20, 2026.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation. The acquisition of shares by an executive is generally viewed as a positive, but it's not a major event.
Positives
- The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company executive.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Commencement date for vesting of some restricted stock units at a rate of 1/3 per year. |
| 03/20/2025 | Date of transaction: acquisition of 2,695 shares through vesting of restricted stock units. |
| 03/21/2025 | Commencement date for vesting of some restricted stock units at a rate of 1/3 per year. |
| 03/20/2026 | Commencement date for vesting of some restricted stock units at a rate of 1/3 per year. |
| 03/24/2025 | Date of signature on the Form 4 filing. |
Keywords
Orange County Bancorp, Elizabeth A. Jones, restricted stock units, beneficial ownership, Form 4, OBT, SVP, Chief Operating Officer
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