Form 4: Orange County Bancorp SVP, Dir. Wealth Services, David P. Dineen, Reports Acquisition of Common Stock
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
| Date | Description |
|---|---|
| May 28, 2023 | Commencement date for vesting of 1/3 of restricted stock units. |
| March 11, 2024 | Commencement date for vesting of 1/3 of restricted stock units. |
| March 20, 2025 | Date of transaction: Acquisition of 3,154 shares of common stock. |
| March 20, 2026 | Commencement date for vesting of 1/3 of restricted stock units. |
| March 24, 2025 | Date of signature for the report. |
Keywords
Orange County Bancorp, David P. Dineen, Common Stock, Beneficial Ownership, Form 4, Acquisition, Restricted Stock Units, 401(k)
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