Form 4: Orange County Bancorp SVP Michael Listner Sells Shares
SEC Form 4
Orange County Bancorp's SVP and Chief Risk Officer, Michael Listner, recently sold shares of the company's common stock.
Summary
- Michael Listner, SVP and Chief Risk Officer of Orange County Bancorp, Inc., sold shares of the company's common stock on November 6, 2024.
- He sold 375 shares at a price of $59 per share and 214 shares at $60.1 per share.
- Following these transactions, Listner directly owns 3,072 shares of Orange County Bancorp, Inc.
- The reported holdings include restricted stock units vesting annually.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock sales by an executive.
Industry Context
This is a routine disclosure of insider trading activity. It is common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The stock sale could have a minor negative impact on shareholder sentiment, but is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 02/15/2023 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| 03/11/2024 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| 11/06/2024 | Date of the stock sale transactions. |
| 03/21/2025 | Commencement date for vesting of restricted stock units at a rate of 1/3 per year. |
| 11/07/2024 | Date of the form filing. |
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