Form 4: Orange County Bancorp SVP Elizabeth Jones Reports Stock Disposal
SEC Form 4 Filing
Elizabeth Jones, SVP and Chief Operating Officer of Orange County Bancorp, reported the disposal of 253 shares of common stock on March 10, 2025.
Summary
- On March 10, 2025, Elizabeth A. Jones, SVP and Chief Operating Officer of Orange County Bancorp, Inc., disposed of 253 shares of common stock at a price of $23.95.
- Following the transaction, Jones directly owns 5,830 shares of Orange County Bancorp, Inc.
- The reported transaction involved the disposal of shares to cover tax obligations related to vesting restricted stock units.
- The filing also clarifies that the reported holdings include restricted stock units vesting annually and reflects a two-for-one forward stock split that occurred on January 10, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction by a company insider. The disposal of shares to cover tax obligations is a common practice.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock; this provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it represents a small percentage of the outstanding shares and is a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 01/10/2025 | Two-for-one forward stock split of the Issuer's common stock occurred |
| 03/10/2025 | Date of transaction: Elizabeth Jones disposed of shares. |
| 03/11/2024 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| 03/21/2025 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| 03/12/2025 | Date of filing. |
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