Form 4: Orange County Bancorp SVP Rooney Acquires Shares Through Restricted Stock Units

Stephen Rooney, SVP and Chief Credit Officer of Orange County Bancorp, acquired 1,816 shares of common stock through restricted stock units on March 21, 2024.

Summary

• Stephen Rooney, a Senior Vice President and Chief Credit Officer at Orange County Bancorp, acquired 1,816 shares of common stock on March 21, 2024.
• The acquisition was made through the vesting of restricted stock units.
• The price per share was $0 at the time of acquisition.
• Following the transaction, Rooney directly owns 4,245 shares of Orange County Bancorp.
• The restricted stock units vest at a rate of 1/3 per year, commencing on November 8, 2023, March 11, 2024 and March 21, 2025.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard reporting of stock acquisition through restricted stock units.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates confidence from a company executive.

Key Dates