Orange County Bancorp director gets 87 phantom units
OBT director Kevin J. Keane reported a new phantom stock award tied to 87 common-share equivalents, increasing his deferred and direct equity-linked exposure to the company.
Rhea-AI Filing Summary
Orange County Bancorp, Inc. (OBT) director Kevin J. Keane received a grant of phantom stock on September 15, 2026, reported as the acquisition of phantom stock economically equivalent to 87 shares of common stock at $38.78 per share. Following this grant, he holds 18,819 phantom stock units directly. His direct common stock holdings total 19,266 shares, including restricted stock units that either vest immediately and are settled in common stock upon his separation from service or vest 100% on February 19, 2027 and are settled upon separation. He also holds 7,400 common shares indirectly by partnership and 832 common shares indirectly through a 401(k).
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 0 shares
Grant/Award
4 txns
Insider
Keane Kevin J
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 | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 18,819 contracts (Direct);
Common Stock — 19,266 shares (Direct);
Common Stock — 7,400 shares (Indirect, By Partnership);
Common Stock — 832 shares (Indirect, By 401(k))
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 grant equivalent shares: 87 units
Phantom stock grant price: $38.78 per unit
Total phantom stock holdings: 18,819 units
+3 more
6 metrics
Phantom stock grant equivalent shares
87 units
Economic equivalent of 87 common shares granted on September 15, 2026
Phantom stock grant price
$38.78 per unit
Per-unit economic value for the September 15, 2026 phantom stock grant
Total phantom stock holdings
18,819 units
Phantom stock units held directly after the reported grant
Direct common stock holdings
19,266 shares
Common stock held directly, including restricted stock units, after the event
Indirect partnership holdings
7,400 shares
Common stock held indirectly by partnership
Indirect 401(k) holdings
832 shares
Common stock held indirectly through a 401(k)
Key Terms
Phantom Stock, restricted stock units, separation from service
3 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.
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 Kevin J. Keane report on this Form 4?
He reported a grant of phantom stock on September 15, 2026, economically equivalent to 87 shares of Orange County Bancorp, Inc. common stock at $38.78 per share, increasing his total phantom stock holdings to 18,819 units.
What is the economic linkage of the phantom stock reported for OBT?
Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable upon Kevin J. Keane’s separation of service as a director, providing deferred, stock-linked compensation rather than immediate share delivery.
How are the restricted stock units described in the OBT Form 4 structured?
The filing states that some restricted stock units vest 100% as of the date of grant and others vest 100% on February 19, 2027; all are settled in shares of OBT common stock upon Kevin J. Keane’s separation from service.
Was the OBT Form 4 transaction made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not checked, and no footnote states that the phantom stock grant was made under a Rule 10b5-1 or other pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
