Orange County Bancorp director Jon Schiller acquires $149,985 in stock

Published 05/06/2025, 18:08
Orange County Bancorp director Jon Schiller acquires $149,985 in stock

MIDDLETOWN, NY—Jon Schiller, a director at Orange County Bancorp (NASDAQ:ICBK), Inc. (NASDAQ:OBT), recently purchased 6,451 shares of the company’s common stock. This transaction, executed on June 4, 2025, was completed at a price of $23.25 per share, resulting in a total investment of $149,985. The $271 million market cap bank currently trades at $24.08, with InvestingPro analysis indicating the stock is fairly valued.

Following this acquisition, Schiller’s direct ownership in the company increased to 12,446 shares. The transaction also includes restricted stock units, which are set to vest fully on February 20, 2026, and will be settled in shares of Orange County Bancorp’s common stock upon Schiller’s separation from service. The bank maintains a strong financial profile, with InvestingPro data showing an overall "GOOD" health score and an attractive P/E ratio of 9.9x.

In addition to his common stock holdings, Schiller holds 1,527 shares of phantom stock, which are economically equivalent to shares of common stock and will become payable upon his departure from his role as a director.

This recent activity reflects Schiller’s ongoing investment in the company, adding to his existing stake in Orange County Bancorp.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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