Director at Orange County Bancorp (OBT) receives new phantom stock award
Rhea-AI Filing Summary
Rowley Richard B reported acquisition or exercise transactions in this Form 4 filing.
Orange County Bancorp director Richard B. Rowley reported updated equity holdings and a new phantom stock award. The filing shows he now directly holds 537,134 shares of common stock, which include restricted stock units that vest immediately and others that vest on February 19, 2027.
Rowley also received a grant of phantom stock tied economically to 658 shares of common stock at a reference price of $37.4600 per share, bringing his phantom stock balance to 26,637 units. Both the restricted stock units and phantom stock settle in common shares or cash-equivalent value upon his separation from service as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rowley Richard B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 0 | $37.46 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 26,637 shares (Direct);
Common Stock — 537,134 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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 held after filing: 537,134 shares
Phantom stock balance: 26,637 units
New phantom stock underlying shares: 658 shares
+3 more
6 metrics
Common stock held after filing
537,134 shares
Direct holdings of Richard B. Rowley following reported transactions
Phantom stock balance
26,637 units
Total phantom stock units held after the grant
New phantom stock underlying shares
658 shares
Underlying common stock equivalent for the reported phantom stock grant
Reference price for phantom stock grant
$37.4600 per share
Price used for the phantom stock award reported on July 1, 2026
Total acquire-type transactions in filing
1 transaction
Grant or award acquisition events in transaction summary
Holding entries in filing
1 entry
Non-transactional holding line for common stock
Key Terms
Phantom Stock, restricted stock units, vest 100%, 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% as of the date of grant"
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.
vest 100% financial
"restricted stock units which vest 100% on February 19, 2027"
separation from service financial
"settled in shares of Issuer common stock upon separation from service of the reporting person"
FAQ
What insider activity did Richard B. Rowley report at Orange County Bancorp (OBT)?
Director Richard B. Rowley reported updated equity holdings and a new phantom stock grant. His common stock holdings and derivative awards were adjusted, reflecting routine, compensation-related equity rather than open-market buying or selling activity.
What phantom stock grant did Richard B. Rowley receive from Orange County Bancorp (OBT)?
Rowley received a phantom stock grant economically equivalent to 658 shares of common stock at $37.4600 per share. Following the grant, his total phantom stock balance is 26,637 units, which will be payable upon his separation from service as a director.
How do Richard B. Rowley’s phantom stock units in Orange County Bancorp (OBT) work?
Each phantom stock unit is economically equivalent to one share of Orange County Bancorp common stock. These units become payable when Rowley separates from service as a director, providing cash or stock-based value aligned with the underlying common shares.
What are the vesting terms of Richard B. Rowley’s restricted stock units in Orange County Bancorp (OBT)?
Some of Rowley’s restricted stock units vest 100% on the grant date, while others vest 100% on February 19, 2027. All such units are settled in shares of Orange County Bancorp common stock when he separates from service, according to the filing footnotes.
Does this Orange County Bancorp (OBT) Form 4 show insider buying or selling in the market?
The Form 4 shows a grant of phantom stock and updated holdings, not open-market buying or selling. The reported activity is compensation-related, with equity awards that vest over time and settle when the director’s service with the company ends.
AI-generated analysis. How Rhea-AI works. Not financial advice.
