Form 4: Orange County Bancorp SVP and CCO Michael Listner Reports Acquisition of Common Stock
SEC Form 4 Filing
Michael Listner, SVP and CCO of Orange County Bancorp, reports acquiring 1,833 shares of common stock on March 21, 2024.
Summary
- On March 21, 2024, Michael Listner, the SVP and CCO of Orange County Bancorp, acquired 1,833 shares of common stock.
- The acquisition was reported on a Form 4 filing with the SEC.
- Following the transaction, Listner directly owns 4,045 shares of Orange County Bancorp common stock.
- The acquired shares are restricted stock units which vest at a rate of 1/3 per year commencing on March 21, 2025.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard SEC filing reporting an insider transaction.
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 insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as insider buying is often viewed favorably.
Key Dates
| Date | Description |
|---|---|
| February 15, 2022 | Commencement date for vesting of some restricted stock at a rate of 1/3 per year. |
| September 21, 2022 | Commencement date for vesting of some restricted stock units at a rate of 1/3 per year. |
| February 15, 2023 | Commencement date for vesting of some restricted stock units at a rate of 1/3 per year. |
| March 11, 2024 | Commencement date for vesting of some restricted stock units at a rate of 1/3 per year. |
| March 21, 2024 | Date of the reported transaction where Michael Listner acquired 1,833 shares of common stock. |
| March 21, 2025 | Commencement date for vesting of the newly acquired restricted stock units at a rate of 1/3 per year. |
| March 25, 2024 | Date of signature on the Form 4 filing. |
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