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, reports the disposal of 355 shares of common stock on March 21, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- On March 21, 2025, Elizabeth Jones, SVP and Chief Operating Officer of Orange County Bancorp, disposed of 355 shares of common stock.
- The transaction was executed at a price of $24.15 per share.
- The disposal was related to the satisfaction of tax obligations associated with the vesting of restricted stock units.
- Following the transaction, Jones directly owns 8,170 shares of Orange County Bancorp common stock.
- The reported holdings include restricted stock units vesting annually on March 11, 2024, March 21, 2025, and March 20, 2026.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock disposal for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small disposal of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Commencement date for 1/3 per year vesting of restricted stock units. |
| 03/21/2025 | Date of stock disposal transaction and commencement date for 1/3 per year vesting of restricted stock units. |
| 03/25/2025 | Date of signature on the Form 4 filing. |
| 03/20/2026 | Commencement date for 1/3 per year vesting of restricted stock units. |
Keywords
Orange County Bancorp, Elizabeth Jones, stock disposal, Form 4, restricted stock units, OBT, insider trading
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.