Orange County Bancorp director gets 119 phantom units
OBT director Gregory F. Holcombe received a phantom stock award linked to common shares, with no reported open-market trading.
Rhea-AI Filing Summary
Orange County Bancorp, Inc. (OBT) director Gregory F. Holcombe reported an acquisition of 119 phantom stock units on September 15, 2026, as a grant or award. The units are tied to the company’s common stock at $38.78 per unit and are payable upon his separation from service as a director.
After this grant, Holcombe holds 25,699 phantom stock units and directly holds 68,824 shares of common stock, with additional indirect holdings through a foundation and several trusts. No Rule 10b5-1 trading plan is reported and no open-market purchases or sales are disclosed.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 0 shares
Grant/Award
6 txns
Insider
HOLCOMBE GREGORY F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F3 | -- | $38.78 | -- |
| holding | Common Stock F1, F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 25,699 contracts (Direct);
Common Stock — 68,824 shares (Direct);
Common Stock — 14,920 shares (Indirect, By Foundation);
Common Stock — 12,054 shares (Indirect, By Trust 1);
Common Stock — 34,720 shares (Indirect, By Trust 2);
Common Stock — 34,720 shares (Indirect, By Trust 3)
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
Phantom stock units granted: 119 units
Phantom stock grant value per unit: $38.78 per unit
Phantom stock units after transaction: 25,699 units
+5 more
8 metrics
Phantom stock units granted
119 units
Grant to director on September 15, 2026
Phantom stock grant value per unit
$38.78 per unit
Recorded price for the September 15, 2026 phantom stock award
Phantom stock units after transaction
25,699 units
Total phantom stock holdings following the grant
Direct common stock holdings
68,824 shares
Common stock directly held after the reported date
Indirect common stock by Foundation
14,920 shares
Common stock held indirectly through a foundation
Indirect common stock by Trust 1
12,054 shares
Common stock held indirectly through Trust 1
Indirect common stock by Trust 2
34,720 shares
Common stock held indirectly through Trust 2
Indirect common stock by Trust 3
34,720 shares
Common stock held indirectly through Trust 3
Key Terms
Phantom Stock, restricted stock units, economic equivalent, separation from service
4 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share"
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"
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.
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share"
separation from service financial
"settled in shares of Issuer common stock upon separation from service"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did OBT director Gregory F. Holcombe report on this Form 4?
He reported a grant of 119 phantom stock units on September 15, 2026, tied economically to Orange County Bancorp, Inc. common stock, as a compensation-related award rather than an open-market trade.
How many phantom stock units linked to OBT does Holcombe hold after the transaction?
Following the reported grant, Gregory F. Holcombe holds 25,699 phantom stock units, each economically equivalent to one share of Orange County Bancorp, Inc. common stock and payable upon his separation from service as a director.
At what value was the new phantom stock grant for OBT recorded?
The 119 phantom stock units were recorded at $38.78 per unit, with each unit economically equivalent to one share of Orange County Bancorp, Inc. common stock according to the filing’s description.
What indirect holdings of OBT common stock are reported for Holcombe?
Indirectly, Holcombe is reported to hold 14,920 shares through a foundation, 12,054 shares through Trust 1, and 34,720 shares through each of Trust 2 and Trust 3, all in Orange County Bancorp, Inc. common stock.
Was the OBT Form 4 transaction made under a Rule 10b5-1 trading plan?
No. The filing indicates that the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported in connection with this phantom stock award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
