Form 4: Orange County Bancorp SVP, Chief Credit Officer Stephen Rooney Acquires Shares
SEC Form 4
Stephen Rooney, SVP, Chief Credit Officer of Orange County Bancorp, Inc., reports acquisition of 3,251 common stock shares on March 20, 2025.
Summary
- On March 20, 2025, Stephen Rooney, the SVP, Chief Credit Officer of Orange County Bancorp, Inc., acquired 3,251 shares of common stock.
- The acquisition was made at a price of $0 per share.
- Following the transaction, Rooney directly owns 9,468 shares of Orange County Bancorp, Inc.
- The acquired shares are restricted stock units vesting at a rate of 1/3 per year commencing on March 20, 2026.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine transaction. The acquisition of shares by an executive is generally viewed as a positive signal, but without additional context, the impact is limited.
Positives
- The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates the actions of a key executive at Orange County Bancorp.
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 |
|---|---|
| November 8, 2023 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| March 11, 2024 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| March 21, 2025 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| March 20, 2025 | Date of transaction: Stephen Rooney acquired 3,251 shares of common stock. |
| March 20, 2026 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| March 24, 2025 | Date of signature for the report. |
Keywords
Orange County Bancorp, Stephen Rooney, Chief Credit Officer, stock acquisition, Form 4, restricted stock units, OBT
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.