Form 4: Orange County Bancorp SVP Listner Reports Stock Disposal
SEC Form 4 Filing
Michael Listner, SVP and CCO of Orange County Bancorp, Inc., reported the disposal of 152 shares of common stock on March 11, 2024.
Summary
- Michael Listner, a Senior Vice President and Chief Commercial Officer at Orange County Bancorp, Inc., filed a Form 4 indicating a change in beneficial ownership of the company's stock.
- On March 11, 2024, Listner disposed of 152 shares of common stock at a price of $45.2.
- Following the transaction, Listner beneficially owns 2,212 shares of Orange County Bancorp, Inc.
- The reported holdings include shares of restricted stock and restricted stock units vesting over time.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's stock. These filings provide transparency to the market regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | Commencement date for vesting of restricted stock at a rate of 1/3 per year. |
| 09/21/2022 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| 02/15/2023 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| 03/11/2024 | Date of transaction: Disposal of 152 shares of common stock and commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| 03/13/2024 | Date of signature for the Form 4 filing. |
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