OBT director granted phantom stock award

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 an updated equity position that includes a new phantom stock award. On April 1, 2026, she received a grant classified as phantom stock valued at $32.32 per unit, tied to 38 shares of common stock.

Following this grant, Tirado holds 282 phantom stock units, each described as the economic equivalent of one common share and payable upon her separation of service as a director. Her direct holdings in the company’s common stock total 2,963 shares after the reported transactions.

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	$32.32	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock — 282 contracts (Direct); Common Stock — 2,963 shares (Direct)

Footnotes (2)

1. F1. 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.
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 shares held: 2,963 shares Phantom stock units held: 282 units Phantom stock grant value: $32.32 per unit +1 more

4 metrics

Common shares held 2,963 shares Direct common stock holdings after transactions

Phantom stock units held 282 units Total phantom stock position after grant

Phantom stock grant value $32.32 per unit Grant/award acquisition on April 1, 2026

Underlying common shares 38 shares Common stock underlying reported phantom stock grant

Key Terms

Phantom Stock, economic equivalent, separation of service as a director, grant/award acquisition

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.

economic equivalent financial

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

separation of service as a director financial

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

grant/award acquisition financial

"transaction_action: grant/award acquisition for the phantom stock transaction"

FAQ

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

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

Orange County Bancorp disclosed a phantom stock grant to director Olga Luz Tirado. On April 1, 2026, she received a grant tied to 38 underlying common shares and now holds 282 phantom stock units plus 2,963 common shares directly.

How many Orange County Bancorp (OBT) common shares does Olga Luz Tirado hold after this Form 4/A?

After the reported transactions, Olga Luz Tirado directly holds 2,963 common shares. This figure reflects her updated ownership position as disclosed in the Form 4/A, separate from her phantom stock units, which are derivative, cash-settled equivalents of common shares.

What are the details of the phantom stock grant reported for OBT director Olga Luz Tirado?

The filing reports a phantom stock grant valued at $32.32 per unit. The grant is linked to 38 underlying common shares, bringing Tirado’s total phantom stock holdings to 282 units, each economically equivalent to one share of Orange County Bancorp common stock.

When do Olga Luz Tirado’s phantom stock units in Orange County Bancorp (OBT) become payable?

The phantom stock units become payable upon her separation of service as a director. Each unit is described as the economic equivalent of one share of common stock, providing cash-settled value at the time she leaves the board.

Does the Form 4/A for Orange County Bancorp (OBT) show open-market buying or selling by Olga Luz Tirado?

The Form 4/A reflects a grant of phantom stock, not open-market trades. The acquisition is classified as a grant or award, with no reported open-market purchases or sales of Orange County Bancorp common stock in this filing.

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

Olga Luz Tirado now holds 282 phantom stock units in total. These units, each economically equivalent to one common share, are payable when she separates from service as a director, according to the footnote disclosure in the filing.

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

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Accepted by SEC EDGAR 07/06/2026 - 12:48 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)
04/01/2026

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)
04/02/2026

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)	04/01/2026		A		$39		(2)	(2)	Common Stock	38	$32.32	282	D

Explanation of Responses:

1. 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.

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)