Form 4: Orange County Bancorp SVP Listner Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael Listner, SVP and Chief Risk Officer of Orange County Bancorp, Inc., disposed of 432 shares of common stock on March 21, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- On March 21, 2025, Michael Listner, the SVP and Chief Risk Officer of Orange County Bancorp, Inc., disposed of 432 shares of common stock.
- The transaction was executed at a price of $24.15 per share.
- This disposal was to cover tax obligations related to the vesting of restricted stock units.
- Following the transaction, Listner still beneficially owns 8,300 shares of Orange County Bancorp, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider trading. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading activity and are used to ensure transparency in the market.
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. |
| 03/20/2026 | Commencement date for 1/3 per year vesting of restricted stock units. |
| 03/25/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Orange County Bancorp, Michael Listner, Stock Disposal, Restricted Stock Units, Beneficial Ownership, Tax Obligations
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