OBT director granted phantom stock units

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 updated equity holdings, including a grant of phantom stock as director compensation. She now directly holds 2,963 shares of common stock, which include restricted stock units that vest 100% on February 19, 2027 and are settled in common shares upon her separation from service. Tirado also holds 284 shares of phantom stock, each economically equivalent to one share of common stock and payable when her service as a director ends.

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	$35.35	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock — 284 contracts (Direct); Common Stock — 2,963 shares (Direct)

Footnotes (2)

1. F1. Includes restricted stock units which vest 100% on February 19, 2027, 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: 2,963 shares Phantom stock units: 284 units Phantom stock reference price: $35.3500 per unit +2 more

5 metrics

Common stock holdings 2,963 shares Shares of common stock held directly after transactions

Phantom stock units 284 units Phantom stock economically equivalent to common shares after transaction

Phantom stock reference price $35.3500 per unit Transaction price per phantom stock unit

Underlying common shares 2 shares Underlying common stock associated with reported phantom stock entry

RSU vesting date February 19, 2027 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 19, 2027"

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

"settled in shares of Issuer common stock upon separation from service of the reporting person"

FAQ

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

What insider transaction did OBT director Olga Luz Tirado report?

Olga Luz Tirado reported an acquisition of phantom stock as director compensation. The filing also updates her direct holdings of Orange County Bancorp common stock and related equity awards, providing a snapshot of her current ownership position with the company.

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

Olga Luz Tirado now directly holds 2,963 shares of Orange County Bancorp common stock. This figure includes restricted stock units that vest in the future and will be settled in common shares when her service with the company ends, according to the filing footnote.

What is the vesting schedule for Olga Luz Tirado’s restricted stock units at OBT?

Her restricted stock units vest 100% on February 19, 2027. After vesting, these units are settled in shares of Orange County Bancorp common stock upon her separation from service, aligning the award with her long-term role as a director.

What is phantom stock in the Orange County Bancorp (OBT) Form 4/A filing?

In this filing, phantom stock is described as economically equivalent to one share of common stock. Each phantom share becomes payable when Olga Luz Tirado’s service as a director ends, functioning as a cash-settled or share-settled deferred compensation unit.

How many phantom stock units tied to OBT common stock does Olga Luz Tirado hold?

Following the reported transaction, she holds 284 phantom stock units. Each unit mirrors the economic value of one Orange County Bancorp common share and becomes payable upon her separation from service as a director, providing deferred, performance-linked compensation.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 07/06/2026 - 12:49 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)
06/15/2026

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)
06/17/2026

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								2,963(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)	06/15/2026		A		$2		(2)	(2)	Common Stock	2	$35.35	284	D

Explanation of Responses:

1. Includes restricted stock units which vest 100% on February 19, 2027, 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)