Orange County Bancorp director gets phantom stock

Tirado Olga Luz reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Tirado Olga Luz reported acquisition or exercise transactions in this Form 4 filing.

Orange County Bancorp director Olga Luz Tirado received a small phantom stock award tied to company shares. On the reported date, she was granted phantom stock economically equivalent to 2 shares of common stock at a reference price of $31.29 per share, bringing her total phantom stock-based units to 377.

After this filing, Tirado directly holds 2,963 shares of Orange County Bancorp common stock. Footnotes explain that each phantom stock unit and related restricted stock units will generally be settled in issuer common stock upon her separation from service as a director.

Insider Trade Summary

Grant/Award: 0 shares

Grant/Award 2 txns

Insider Tirado Olga Luz

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	0	$31.29	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock — 377 contracts (Direct); Common Stock — 2,963 shares (Direct)

Footnotes (2)

1. F1. 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.
2. F2. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did Orange County Bancorp (OBT) report for Olga Luz Tirado?

Orange County Bancorp reported that director Olga Luz Tirado received a grant of phantom stock tied to 2 shares of common stock. This award increases her total phantom stock-based units to 377, while she directly holds 2,963 common shares after the reported transactions.

What is the size of the phantom stock grant to the OBT director?

The Form 4 shows a phantom stock grant economically equivalent to 2 shares of Orange County Bancorp common stock at a reference price of $31.29 per share. This brings director Olga Luz Tirado’s total phantom stock-based units to 377 following the transaction.

How many Orange County Bancorp (OBT) shares does Olga Luz Tirado hold after this filing?

After the reported transactions, director Olga Luz Tirado holds 2,963 shares of Orange County Bancorp common stock directly. In addition, she has 377 phantom stock-based units that are economically equivalent to common shares, according to the Form 4 filing details.

How do the phantom stock units for OBT’s director work according to the filing?

Each phantom stock unit for Orange County Bancorp’s director is economically equivalent to one share of common stock. The filing states these units become payable in issuer common stock upon the director’s separation from service, aligning compensation with the company’s share performance over time.

What do the restricted stock units mentioned in the OBT Form 4 footnote represent?

The footnote explains that certain restricted stock units vest 100% on February 19, 2027. These units are settled in shares of Orange County Bancorp common stock upon Olga Luz Tirado’s separation from service, providing deferred equity-based compensation linked to her continued board service.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/17/2026 - 05:11 PM Learn about SEC filing dates

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^*

Tirado Olga Luz

(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								2,963(1)	D

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	(2)	03/16/2026		A		$2		(2)	(2)	Common Stock	2	$31.29	377	D

Explanation of Responses:

1. 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.

2. 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.