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

Rhea-AI Filing Summary

Orange County Bancorp, Inc. director William D. Morrison reported a compensation-related grant of phantom stock. On the reported date, he acquired phantom stock units economically equivalent to 12 shares of common stock at a reference price of $31.29 per share, payable upon his separation from board service.

Following this grant, Morrison holds 2,166 phantom stock units102,510 shares of common stock, plus indirect holdings of 10,932 shares through an IRA and 324 shares through a Roth IRA. The filing reflects ongoing equity-based compensation rather than any open-market buying or selling.

03/17/2026 - 05:06 PM

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^*

Morrison William D

(Last) (First) (Middle)

212 DOLSON AVENUE

(Street)

MIDDLETOWN 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								102,510(1)(2)	D
Common Stock								10,932	I	By IRA
Common Stock								324	I	By Roth IRA

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		$12		(3)	(3)	Common Stock	12	$31.29	2,166	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 insider transaction did William D. Morrison report for Orange County Bancorp (OBT)?

William D. Morrison reported a grant of phantom stock units tied to common shares, not an open-market trade. The Form 4 shows a compensation-related acquisition, reflecting additional equity-based incentives rather than a discretionary stock purchase or sale.

How many phantom stock units tied to Orange County Bancorp (OBT) common stock were granted?

The filing shows phantom stock units representing the economic equivalent of 12 shares of Orange County Bancorp common stock. These units are payable in connection with Morrison’s separation from service as a director, aligning his compensation with long-term shareholder interests.

What are William D. Morrison’s reported direct common stock holdings in Orange County Bancorp (OBT)?

After the reported transactions, Morrison directly holds 102,510 shares of Orange County Bancorp common stock. This figure represents his direct ownership position, separate from phantom stock units and other indirect retirement-account holdings disclosed in the same Form 4 filing.

What indirect Orange County Bancorp (OBT) holdings does William D. Morrison report?

Morrison reports 10,932 shares of Orange County Bancorp common stock held through an IRA and 324 shares held through a Roth IRA. These indirect positions are in addition to his direct common stock holdings and the phantom stock units granted as director compensation.

Did the Orange County Bancorp (OBT) Form 4 show any insider buying or selling in the market?

The Form 4 does not report any open-market purchases or sales by Morrison. It records a grant of phantom stock units and updates to his direct and indirect common stock holdings, indicating routine equity compensation rather than trading activity.