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Orange County Bancorp, Inc. /DE/·4

Mar 12, 4:35 PM ET

Listner Michael 4

Research Summary

AI-generated summary

Updated

Orange County Bancorp (OBT) SVP Michael Listner Sells 326 Shares

What Happened
Michael Listner, SVP and Chief Risk Officer of Orange County Bancorp (OBT), had 326 shares disposed on March 10, 2026 at $31.47 per share, for proceeds of approximately $10,259. The Form 4 reports the transaction code "F," indicating shares were surrendered to cover taxes (tax withholding) related to equity awards.

Key Details

  • Transaction date: 2026-03-10; filing date: 2026-03-12 (filed timely).
  • Shares sold/disposed: 326 at $31.47 each; total ~$10,259.
  • Transaction code: F = payment of exercise price or tax liability (here, tax withholding).
  • Shares owned after the transaction: not specified in the provided filing details.
  • Notable footnotes on awards:
    • F1: RSUs vest 1/3 per year starting March 11, 2024.
    • F2: RSUs vest 1/3 per year starting March 21, 2025.
    • F3: RSUs vest 1/3 per year starting March 20, 2026.

Context
This appears to be a routine tax-withholding sale tied to vesting restricted stock units (RSUs), not a discretionary open-market sale. Such withholding transactions are common when RSUs vest and do not necessarily signal an insider's view on the company's stock.