Form 4: Orange County Bancorp SVP Elizabeth Jones Reports Stock Disposal

Elizabeth Jones, SVP and Chief Operating Officer of Orange County Bancorp, reports the disposal of 126 shares of common stock on March 11, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• On March 11, 2024, Elizabeth Jones, SVP and Chief Operating Officer of Orange County Bancorp, disposed of 126 shares of common stock.
• The transaction was executed at a price of $45.2 per share.
• The disposal was related to tax obligations arising from the vesting of restricted stock units.
• Following the transaction, Jones directly owns 1,723 shares of Orange County Bancorp common stock.
• The reported holdings include restricted stock units vesting annually on September 21, February 15, and March 11.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing simply reports a routine transaction related to stock compensation.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company executives and their confidence in the company's stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares.

Key Dates