Orange County Bancorp (OBT) EVP Sousa sells 3,047 common shares
Rhea-AI Filing Summary
Orange County Bancorp executive Gregory Sousa, EVP and Deputy CLO, reported sales of 3,047 shares of common stock at $38.75 per share on July 30 and August 3, 2026. As of July 30, he also reported 7,065 shares held indirectly via a 401(k), 4,969 underlying shares of phantom stock tied to a Performance-Based SERP, and restricted stock units scheduled to vest in thirds from 2025 through 2027.
Positive
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Negative
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Insider Trade Summary
Net Seller: 3,047 shares
Net Sell
4 txns
Insider
Sousa Gregory
Role
EVP and Deputy CLO
Sold
3,047 shs ($118K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 1,882 | $38.75 | $73K |
| Sale | Common Stock F1, F2, F3 | 1,165 | $38.75 | $45K |
| holding | Phantom Stock F5 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,572 shares (Direct);
Phantom Stock — 4,969 shares (Direct);
Common Stock — 7,065 shares (Indirect, By 401(k))
Footnotes (5)
- F1. Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 21, 2025.
- F2. Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 20, 2026.
- F3. Restricted stock units which vest at a rate of 1/3 per year commencing on March 19, 2027.
- F4. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- F5. Represents deemed investments in connection with the Performance-Based SERP. Phantom stock interests under the Performance-Based SERP may be settled in shares of Company stock upon distribution to the reporting person, based on their prior election.
Key Figures
Common shares sold on 2026-08-03: 1,882 shares
Common shares sold on 2026-07-30: 1,165 shares
Total shares sold in reported transactions: 3,047 shares
+3 more
6 metrics
Common shares sold on 2026-08-03
1,882 shares
Sale of Common Stock at $38.75 per share by EVP and Deputy CLO Gregory Sousa
Common shares sold on 2026-07-30
1,165 shares
Sale of Common Stock at $38.75 per share by EVP and Deputy CLO Gregory Sousa
Total shares sold in reported transactions
3,047 shares
Aggregate common stock sales on July 30 and August 3, 2026
Sale price per share
$38.75
Per-share price for both common stock sales reported on July 30 and August 3, 2026
Indirect 401(k) holdings
7,065 shares
Common Stock held indirectly via 401(k) as of July 30, 2026
Underlying shares of phantom stock
4,969 shares
Phantom stock interests under the Performance-Based SERP as of July 30, 2026
Key Terms
Phantom stock, Performance-Based SERP, restricted stock units, 401(k)
4 terms
Phantom stock financial
"Represents deemed investments in connection with the Performance-Based SERP. Phantom stock interests"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Performance-Based SERP financial
"Phantom stock interests under the Performance-Based SERP may be settled in shares"
restricted stock units financial
"Includes restricted stock units which vest at a rate of 1/3 per year"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
401(k) financial
"Common Stock, total shares following transaction 7,065.0000, indirect: By 401(k)"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock sales did Gregory Sousa report for OBT?
Gregory Sousa reported selling 3,047 shares of Orange County Bancorp common stock at $38.75 per share. The sales covered 1,165 shares on July 30, 2026 and 1,882 shares on August 3, 2026, all reported as common stock transactions.
What phantom stock interests in OBT does Gregory Sousa hold?
Sousa reported phantom stock interests corresponding to 4,969 underlying shares of Orange County Bancorp common stock. These are tied to a Performance-Based SERP and may be settled in company shares upon distribution, depending on his prior election, according to the footnote.
What restricted stock units tied to OBT does Gregory Sousa have?
Footnotes state Sousa’s holdings include restricted stock units that vest in three equal annual installments beginning March 21, 2025, March 20, 2026, and March 19, 2027. These time-vested awards are in addition to his reported common stock and phantom stock positions.