4/A: Orange County Bancorp SVP Elizabeth Jones Reports Stock Disposal
SEC Form 4/A
Elizabeth Jones, SVP and Chief Operating Officer of Orange County Bancorp, Inc., reported the disposal of common stock on February 18, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- Elizabeth Jones, a Senior Vice President and Chief Operating Officer at Orange County Bancorp, Inc., filed an amended Form 4 on March 12, 2025, regarding changes in beneficial ownership.
- The report details a transaction on February 18, 2025, where 137 shares of common stock were disposed of at a price of $26.63.
- This disposal was related to covering tax obligations associated with vesting restricted stock units.
- Following the reported transaction, Jones beneficially owns 6,083 shares of Orange County Bancorp, Inc. common stock.
- The reported holdings include restricted stock units vesting annually, commencing on February 15, 2023, March 11, 2024, and March 21, 2025.
- The filing also reflects a two-for-one forward stock split that occurred on January 10, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common practice.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/10/2025 | Two-for-one forward stock split of the Issuer's common stock occurred |
| 02/15/2023 | Commencement date for 1/3 per year vesting of restricted stock units |
| 03/11/2024 | Commencement date for 1/3 per year vesting of restricted stock units |
| 03/21/2025 | Commencement date for 1/3 per year vesting of restricted stock units |
| 02/18/2025 | Date of stock disposal transaction |
| 02/20/2025 | Original filing date (amended filing) |
| 03/12/2025 | Date of amended filing |
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.