Listner Michael 4
4 · Orange County Bancorp, Inc. /DE/ · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
Form 4
Listner Michael
SVP and Chief Risk Officer
Transactions
- Tax Payment
Common Stock
[F1][F2][F3]2026-03-10$31.47/sh−326$10,259→ 7,974 total
Footnotes (3)
- [F1]Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 11, 2024.
- [F2]Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 21, 2025.
- [F3]Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 20, 2026.
Signature
/s/ Jennifer Staub, pursuant to power of attorney|2026-03-12