Orange County Bancorp (OBT) director receives phantom stock grant and updates holdings
Filing Impact
Filing Sentiment
Form Type
4/A
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Tirado Olga Luz
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 0 | $32.32 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 282 shares (Direct, null);
Common Stock — 2,963 shares (Direct, null)
Footnotes (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. 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
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.
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.