OBT.NASDAQOrange County Bancorp, INC /DE/

Form 4: Orange County Bancorp SVP Michael Listner Disposes of Shares to Cover Tax Obligations

Sentiment:

SEC Form 4

📋All filings for Orange County Bancorp, INC /DE/
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Michael Listner, SVP and Chief Risk Officer of Orange County Bancorp, Inc., disposed of 120 shares of common stock on September 23, 2024, to cover tax obligations.

Summary

  • On September 23, 2024, Michael Listner, the SVP and Chief Risk Officer of Orange County Bancorp, Inc., disposed of 120 shares of common stock.
  • The transaction was executed at a price of $58.5 per share.
  • This disposal was related to covering tax obligations.
  • Following the transaction, Listner beneficially owns 3,661 shares of Orange County Bancorp, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

  • The transaction is unlikely to have a significant impact on stakeholders as it involves a small number of shares.

Key Dates

DateDescription
September 21, 2022Commencement date for vesting of restricted stock units at a rate of 1/3 per year.
February 15, 2023Commencement date for vesting of restricted stock units at a rate of 1/3 per year.
March 11, 2024Commencement date for vesting of restricted stock units at a rate of 1/3 per year.
September 23, 2024Date of the transaction where 120 shares were disposed of.
March 21, 2025Commencement date for vesting of restricted stock units at a rate of 1/3 per year.
September 25, 2024Date of signature for the report.

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