Form 4: Orange County Bancorp SVP Stephen Rooney Reports Stock Disposal
SEC Form 4 Filing
Stephen Rooney, SVP and Chief Credit Officer of Orange County Bancorp, reported the disposal of 133 shares of common stock on March 10, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- Stephen Rooney, a Senior Vice President and Chief Credit Officer at Orange County Bancorp, Inc., filed a Form 4 on March 12, 2025.
- The form reports a transaction that occurred on March 10, 2025, where 133 shares of common stock were disposed of at a price of $23.95.
- Following the transaction, Rooney beneficially owns 6,217 shares of Orange County Bancorp, Inc.
- The shares include restricted stock units vesting in installments starting November 8, 2023, March 11, 2024, and March 21, 2025.
- The filing also notes a two-for-one forward stock split that occurred on January 10, 2025.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an insider's stock disposal, likely for tax purposes.
Key Dates
| Date | Description |
|---|---|
| November 8, 2023 | Commencement date for vesting of restricted stock units (1/3 per year). |
| March 11, 2024 | Commencement date for vesting of restricted stock units (1/3 per year). |
| January 10, 2025 | Two-for-one forward stock split of the Issuer's common stock. |
| March 10, 2025 | Date of the reported transaction (stock disposal). |
| March 21, 2025 | Commencement date for vesting of restricted stock units (1/3 per year). |
| March 12, 2025 | Date of Form 4 filing. |
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