Orange County Bancorp director granted phantom stock

Tirado Olga Luz reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Tirado Olga Luz reported acquisition or exercise transactions in this Form 4 filing.

Orange County Bancorp director Olga Luz Tirado reported a compensation-related equity award. She received an additional grant of phantom stock, which is economically equal to common shares and is payable when her service as a director ends. Following this grant, she holds 2,097 common shares directly and 242 phantom stock units. The footnotes state that some of the common stock figure includes restricted stock units that vest 100% on February 20, 2026 and will be settled in shares of common stock upon her separation from service.

Insider Trade Summary

Grant/Award: 0 shares

Grant/Award 2 txns

Insider Tirado Olga Luz

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	0	$28.35	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock — 242 contracts (Direct); Common Stock — 2,097 shares (Direct)

Footnotes (2)

1. F1. Includes restricted stock units which vest 100% on February 20, 2026 and are settled in shares of Issuer common stock upon separation from service of the reporting person.
2. F2. Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable upon the reporting person's separation of service as a director.

Key Figures

Common stock holdings: 2,097 shares Phantom stock units: 242 units Underlying common shares: 44 shares +2 more

5 metrics

Common stock holdings 2,097 shares Direct common stock held after transactions

Phantom stock units 242 units Total phantom stock holdings after grant

Underlying common shares 44 shares Common stock equivalent linked to phantom stock award

Phantom stock reference price $28.35 per unit Price per phantom stock unit in the reported grant

RSU vesting date February 20, 2026 Restricted stock units vest 100% on this date

Key Terms

Phantom Stock, restricted stock units, economic equivalent, separation from service

4 terms

Phantom Stock financial

"Each share of phantom stock is the economic equivalent of one share of common stock"

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.

restricted stock units financial

"Includes restricted stock units which vest 100% on February 20, 2026"

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.

economic equivalent financial

"Each share of phantom stock is the economic equivalent of one share of common stock"

separation from service financial

"becomes payable upon the reporting person's separation of service as a director"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did Olga Luz Tirado report for Orange County Bancorp (OBT)?

Director Olga Luz Tirado reported an acquisition of phantom stock tied to Orange County Bancorp. The award is a compensation grant, not an open-market purchase or sale, and is economically equivalent to common shares payable when her service as a director ends.

How many Orange County Bancorp (OBT) common shares does Olga Luz Tirado now hold?

After the reported transactions, Olga Luz Tirado holds 2,097 shares of Orange County Bancorp common stock directly. This figure includes restricted stock units that will vest in the future and be settled in common shares upon her separation from service.

What is the nature of the phantom stock granted to Olga Luz Tirado at Orange County Bancorp (OBT)?

The phantom stock grant to Olga Luz Tirado is economically equivalent to common stock. Each phantom share tracks one common share’s value and becomes payable in cash or stock upon her separation of service as a director, aligning her compensation with shareholder outcomes.

How many phantom stock units does Olga Luz Tirado hold for Orange County Bancorp (OBT)?

Following the grant, Olga Luz Tirado holds 242 phantom stock units linked to Orange County Bancorp. Each unit represents the economic value of one common share and is payable when her service as a director ends, according to the filing footnote language.

Are Olga Luz Tirado’s reported Orange County Bancorp (OBT) transactions open-market trades?

The reported activity reflects a grant of phantom stock and updated holdings, not open-market buying or selling. The transaction code indicates a grant or award acquisition as part of director compensation, rather than discretionary trading in Orange County Bancorp shares.

When do Olga Luz Tirado’s restricted stock units in Orange County Bancorp (OBT) vest?

The filing notes that included restricted stock units vest 100% on February 20, 2026. These units will be settled in shares of Orange County Bancorp common stock upon Olga Luz Tirado’s separation from service, reflecting long-term, service-based equity compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/06/2026 - 12:46 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tirado Olga Luz

(Last) (First) (Middle)

212 DOLSON AVENUE

(Street)

MIDDLETOWN NEW YORK 10940

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Orange County Bancorp, Inc. /DE/ [ OBT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
01/05/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								2,097(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(2)	01/02/2026		A		$44		(2)	(2)	Common Stock	44	$28.35	242	D

Explanation of Responses:

1. Includes restricted stock units which vest 100% on February 20, 2026 and are settled in shares of Issuer common stock upon separation from service of the reporting person.

2. Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable upon the reporting person's separation of service as a director.

	/s/ Jennifer Staub, pursuant to power of attorney	07/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)