Rooney Stephen 4
Research Summary
AI-generated summary
Orange County Bancorp SVP Stephen Rooney Receives Award; 841 Shares Withheld
What Happened
- Stephen Rooney, Senior Vice President and Chief Credit Officer of Orange County Bancorp (OBT), received an award of 2,812 shares (code A) on 2026-03-19 (acquired at $0, i.e., compensation/RSUs). On the same date 841 shares were disposed (code F) as a tax withholding at $31.15 per share for a total of $26,197.
- The award is a compensation grant (not an open-market purchase). The 841-share disposition was to satisfy tax liabilities, not a voluntary sale.
Key Details
- Transaction date(s): 2026-03-19; filing date: 2026-03-23.
- Award: 2,812 shares, acquisition price $0 (restricted stock units / compensation).
- Withholding: 841 shares disposed at $31.15 each; total value withheld $26,197 (tax withholding).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: filing notes restricted stock units that vest at 1/3 per year with vesting commencement dates shown as 3/21/2025, 3/20/2026, and 3/19/2027.
- Filing timeliness: filing dated 2026-03-23 reports transactions of 2026-03-19; no late-filing flag was provided in the information supplied.
Context
- These transactions reflect a compensation grant (RSUs) and a routine company tax-withholding event (cashless share withholding) rather than an open-market buy or sell. Such withholdings are common when restricted stock units vest and do not by themselves indicate insider sentiment.