Earnings Feed
Start Free
Orange County Bancorp, Inc. /DE/·4

Mar 12, 4:43 PM ET

Sousa Gregory 4

Research Summary

AI-generated summary

Updated

Orange County Bancorp (OBT) EVP Gregory Sousa Withholds 410 Shares

What Happened
Gregory Sousa, EVP and Deputy Chief Legal Officer of Orange County Bancorp (OBT), had 410 shares disposed on March 10, 2026 to satisfy a tax liability related to equity awards (transaction code F). The shares were valued at $31.47 each, for a total of $12,903. This was a share withholding to cover taxes on vested awards—not an open-market sale for investment purposes.

Key Details

  • Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (timely filing).
  • Shares withheld/disposed: 410 at $31.47 per share; total value ≈ $12,903.
  • Transaction code: F — payment of exercise price or tax liability (share withholding).
  • Shares owned after transaction: Not specified in the provided filing excerpt.
  • Notable footnotes from the filing:
    • F1–F3: Portions include restricted stock units (RSUs) vesting 1/3 per year starting on 3/11/2024, 3/21/2025, and 3/20/2026.
    • F5: Includes phantom stock interests under a performance-based SERP that may be settled in shares.
    • F4: Some referenced transactions are not required to be reported under Section 16.

Context
Share withholding to satisfy tax liabilities on vested awards is a common, routine administrative transaction and does not necessarily indicate a broader buy/sell signal by the insider. For details on total holdings or award specifics, consult the full Form 4 filing and any related company disclosures.