Director at Orange County Bancorp (OBT) receives stock awards and returns shares
Rhea-AI Filing Summary
Orange County Bancorp director Gregory F. Holcombe reported a mix of stock awards and a share disposition. On February 19, 2026, he acquired 866 shares of common stock as a grant that vests 100% on February 19, 2027 and will be settled in common shares upon his separation from service. On February 20, 2026, he received a grant of phantom stock, bringing his phantom stock balance to 22,997 units, each economically equivalent to one common share and payable after he leaves the board. That same day, he disposed of 995 common shares back to the issuer, leaving 68,824 directly held common shares. Separate indirect holdings in a foundation and three trusts, including 14,920 and 12,054 shares and two positions of 34,720 shares, were reported as continuing under indirect ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 0 | $0.00 | -- |
| Disposition | Common Stock | 995 | $0.00 | -- |
| Grant/Award | Common Stock | 866 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (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. Restricted stock units which vest 100% on February 20, 2026 (including accumulated dividends) and were deferred into the Orange County Bancorp, Inc. Stock-Based Deferral Plan, as amended and restated. The restricted stock units will settle in shares of Issuer common stock upon the reporting person's separation from service. 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. 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.
