Orange County Bancorp (OBT) director awarded new phantom stock units

Rhea-AI Filing Summary

Orange County Bancorp director Kevin J. Keane received a grant of phantom stock representing 100 shares of common stock on March 16, 2026. The award is classified as a grant or other acquisition at an indicated value of $31.29 per phantom share and is economically equivalent to common stock, becoming payable upon his separation from service as a director.

Following this grant, Keane holds 17,480 phantom stock units. The filing also shows direct ownership of 19,266 common shares, plus indirect holdings of 7,400 shares through a partnership and 832 shares through a 401(k) plan.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Keane Kevin J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	0	$31.29	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock — 17,480 shares (Direct); Common Stock — 19,266 shares (Direct); Common Stock — 7,400 shares (Indirect, By Partnership)

Footnotes (1)

1. Includes restricted stock units which vest 100% as of the date of grant and are settled in shares of Issuer common stock upon separation from service of the reporting person. 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. 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.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Keane Kevin J

(Last) (First) (Middle)

212 DOLSON AVENUE

(Street)

MIDDLETON NY 10940

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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

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

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

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								19,266(1)(2)	D
Common Stock								7,400	I	By Partnership
Common Stock								832	I	By 401(k)

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	(3)	03/16/2026		A		$100		(3)	(3)	Common Stock	100	$31.29	17,480	D

Explanation of Responses:

1. Includes restricted stock units which vest 100% as of the date of grant and are settled in shares of Issuer common stock upon separation from service of the reporting person.

2. 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.

3. 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	03/17/2026
	** 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.

FAQ

What did Orange County Bancorp (OBT) director Kevin J. Keane receive in this Form 4?

Director Kevin J. Keane received a grant of phantom stock tied to 100 shares of Orange County Bancorp common stock. The award is recorded as a grant or other acquisition and adds to his existing equity-linked compensation and shareholdings in the company.

How does the phantom stock granted to Kevin J. Keane at Orange County Bancorp (OBT) work?

Each phantom stock unit granted to Kevin J. Keane is economically equivalent to one share of Orange County Bancorp common stock. These units become payable in connection with his separation from service as a director, aligning the award’s value with the company’s share performance over time.

What are Kevin J. Keane’s reported common stock holdings in Orange County Bancorp (OBT)?

The filing reports that Kevin J. Keane directly owns 19,266 shares of Orange County Bancorp common stock. He also has indirect holdings of 7,400 shares through a partnership and 832 shares through a 401(k) plan, reflecting multiple channels of equity ownership.

What is the total phantom stock position reported for Kevin J. Keane at Orange County Bancorp (OBT)?

After the March 16, 2026 grant, Kevin J. Keane’s total phantom stock balance is 17,480 units. Each unit is tied to the value of one share of common stock and becomes payable upon his separation from service as a director of Orange County Bancorp.

Is the March 2026 phantom stock grant to Kevin J. Keane at Orange County Bancorp (OBT) an open-market purchase?

No, the phantom stock grant is classified as a grant or award acquisition, not an open-market purchase. It represents compensation linked to 100 underlying common shares, with value realized upon his eventual separation from service, rather than a cash transaction in the public market.