Form 4: Orange County Bancorp SVP and CCO Michael Listner Reports Sale of Common Stock
SEC Form 4
Michael Listner, SVP and CCO of Orange County Bancorp, Inc., reported the sale of 264 shares of common stock at $50 per share on May 3, 2024, according to a Form 4 filing with the SEC.
Summary
- On May 3, 2024, Michael Listner, the SVP and CCO of Orange County Bancorp, Inc., sold 264 shares of common stock at a price of $50 per share.
- Following the transaction, Listner directly owns 3,781 shares of Orange County Bancorp, Inc.
- The reported holdings include shares of restricted stock and restricted stock units vesting over various dates.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by an insider. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders buy or sell their company's stock. They provide transparency into the transactions of individuals with access to non-public information.
Stakeholder Impact
- The sale of shares by an insider could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| February 15, 2022 | Commencement date for 1/3 per year vesting of some restricted stock. |
| September 21, 2022 | Commencement date for 1/3 per year vesting of some restricted stock units. |
| February 15, 2023 | Commencement date for 1/3 per year vesting of some restricted stock units. |
| March 11, 2024 | Commencement date for 1/3 per year vesting of some restricted stock units. |
| March 21, 2025 | Commencement date for 1/3 per year vesting of some restricted stock units. |
| 05/03/2024 | Date of the transaction: sale of 264 shares of common stock. |
| 05/07/2024 | Date of the Form 4 filing. |
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