Form 4: Orange County Bancorp SVP Sells Shares

Orange County Bancorp's SVP, Director of Wealth Services, David P. Dineen, reported the sale of 1,000 shares of common stock under a pre-arranged trading plan.

Summary

• David P. Dineen, SVP, Director of Wealth Services at Orange County Bancorp, Inc. (OBT), sold a total of 1,000 shares of common stock.
• The sales occurred on December 11, 2025.
• 192 shares were sold at a price of $29.00 per share.
• 808 shares were sold at a price of $28.76 per share.
• Following these transactions, Dineen directly beneficially owns 8,214 shares of common stock.
• Dineen also indirectly beneficially owns 2,398 shares through a 401(k) plan.
• The transactions were made pursuant to a Rule 10b5-1(c) pre-arranged trading plan.
• Beneficial ownership includes restricted stock units vesting at a rate of 1/3 per year commencing on May 28, 2023, March 11, 2024, and March 20, 2026.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to an insider sale, even though it was pre-planned. Insider sales, especially by a senior executive, can be perceived as a lack of strong conviction in future stock appreciation, or simply a diversification strategy. The pre-arranged nature mitigates some of the immediate negative impact but doesn't eliminate it entirely.

Positives

• The sales were conducted under a Rule 10b5-1(c) plan, indicating a pre-scheduled transaction rather than an immediate reaction to new, undisclosed information.

Negatives

• An insider, specifically a Senior Vice President and Director of Wealth Services, sold 1,000 shares of company common stock.
• Insider sales can sometimes be interpreted as a signal that the insider believes the stock price may be fully valued or that they are diversifying their holdings.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• David P. Dineen, SVP, Director of Wealth Services, sold 1,000 shares of Orange County Bancorp common stock. This transaction is inherently a related party transaction as it involves a company insider.

Stakeholder Impact

• Shareholders: May interpret the insider sale as a slight negative signal, potentially leading to minor downward pressure or a cautious outlook on the stock.
• Employees: No direct impact mentioned, but general market sentiment can affect employee morale if the stock price reacts negatively.

Key Dates

Recommendation

While the insider sale by a senior executive is a slight negative signal, the transaction was conducted under a Rule 10b5-1 plan, suggesting it was pre-scheduled and not based on immediate negative news. The number of shares sold (1,000) is not exceptionally large relative to the company's overall market capitalization, and the executive still retains a significant number of shares (over 10,000). Without additional information on the company's fundamentals or broader market conditions, a 'hold' recommendation is appropriate, advising investors to monitor future developments rather than making an immediate buy or sell decision based solely on this Form 4 filing.

Keywords

Orange County Bancorp, OBT, Insider Trading, Form 4, Stock Sale, David P. Dineen, Wealth Services, Financial Services, Banking