Form 4: Orange County Bancorp SVP, Dir. Wealth Services, David P. Dineen, Reports Acquisition of Common Stock

Sentiment:

SEC Form 4


David P. Dineen, SVP, Dir. Wealth Services at Orange County Bancorp, Inc., reports acquiring 3,154 shares of common stock on March 20, 2025, and indirectly holding 1,281 shares through a 401(k).

Summary

  • On March 20, 2025, David P. Dineen, SVP, Dir. Wealth Services at Orange County Bancorp, Inc., acquired 3,154 shares of common stock.
  • The acquisition was made at a price of $0 per share.
  • Following the transaction, Dineen directly owns 9,866 shares of common stock.
  • Dineen also indirectly owns 1,281 shares through a 401(k).
  • The directly held shares include restricted stock units vesting annually, commencing on May 28, 2023, March 11, 2024, and March 20, 2026.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions. The acquisition itself is a mildly positive signal, but the filing is primarily informational.

Positives

  • The acquisition of shares by a company officer 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 regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock.

Stakeholder Impact

  • The transaction provides transparency to shareholders regarding insider trading activity.
  • The acquisition of shares by a company officer can be seen as a positive signal to shareholders.

Key Dates

DateDescription
May 28, 2023Commencement date for vesting of 1/3 of restricted stock units.
March 11, 2024Commencement date for vesting of 1/3 of restricted stock units.
March 20, 2025Date of transaction: Acquisition of 3,154 shares of common stock.
March 20, 2026Commencement date for vesting of 1/3 of restricted stock units.
March 24, 2025Date of signature for the report.

Keywords

Orange County Bancorp, David P. Dineen, Common Stock, Beneficial Ownership, Form 4, Acquisition, Restricted Stock Units, 401(k)

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.