Orange County Bancorp (OBT) SVP gets 4,333-share grant, 790 withheld
Rhea-AI Filing Summary
Orange County Bancorp SVP David P. Dineen reported equity compensation activity. He received a grant of 4,333 shares of Common Stock at no cost on March 19, 2026, and 790 shares were withheld at $31.15 per share to cover tax obligations. After these transactions, he directly holds 11,480 shares, plus 2,780 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,333 | $0.00 | -- |
| Tax Withholding | Common Stock | 790 | $31.15 | $25K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 21, 2025. Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 20, 2026. Restricted stock units which vest at a rate of 1/3 per year commencing on March 19, 2027. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
FAQ
What insider transactions did OBT executive David P. Dineen report on this Form 4?
David P. Dineen reported an equity grant and related tax withholding. He received 4,333 shares of Orange County Bancorp Common Stock at no cost, and 790 shares were withheld at $31.15 per share to satisfy tax obligations associated with his equity compensation.
Was the OBT Form 4 for David P. Dineen an open-market stock purchase or sale?
No, the filing does not show any open-market purchases or sales. It reflects a grant or award acquisition of 4,333 shares at no cost and a tax-withholding disposition of 790 shares, which is a mechanistic step to cover tax liabilities on the equity compensation.
How are indirect holdings reported for David P. Dineen in Orange County Bancorp (OBT)?
Indirect holdings are reported separately from direct ownership. The Form 4 shows 2,780 shares of Orange County Bancorp Common Stock held indirectly “By 401(k),” indicating shares associated with a retirement plan, in addition to his 11,480 directly owned shares.
What role does David P. Dineen hold at Orange County Bancorp in this Form 4?
In this Form 4, David P. Dineen is identified as an officer of Orange County Bancorp, serving as SVP, Director of Wealth Services. The reported equity transactions relate to his compensation and associated tax withholding, not to discretionary open-market trading activity.