Orange County Bancorp (OBT) director receives phantom stock compensation grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Schiller Jon reported acquisition or exercise transactions in this Form 4 filing.

Orange County Bancorp director Jon Schiller received a grant of phantom stock that represents 28 shares of common stock on March 16, 2026. Each phantom stock unit is economically equivalent to one common share and becomes payable when he separates from service as a director.

After this grant, Schiller holds 4,811 phantom stock units and 12,473 shares of common stock directly. Footnotes state that related restricted stock units vest 100% on February 19, 2027 and will be settled in common shares upon his separation from service.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Schiller Jon

Role Director

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

Holdings After Transaction: Phantom Stock — 4,811 shares (Direct); Common Stock — 12,473 shares (Direct)

Footnotes (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. 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.

Form 4 Insider Transactions: What Each Field Means →

03/17/2026 - 05:03 PM

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^*

Schiller Jon

(Last)

(First)

(Middle)

212 DOLSON AVENUE

(Street)

MIDDLETOWN

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								12,473⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock	⁽²⁾	03/16/2026		A		$27		⁽²⁾	⁽²⁾	Common Stock	28	$31.29	4,811	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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Orange County Bancorp (OBT) director Jon Schiller report on this Form 4?

Director Jon Schiller reported receiving a grant of phantom stock tied to 28 shares of common stock. This is a compensation-related award, not an open-market trade, and is payable when he separates from service as a director.

How many phantom stock units does OBT director Jon Schiller hold after this transaction?

After the March 16, 2026 grant, Jon Schiller holds 4,811 phantom stock units. Each unit is economically equivalent to one share of Orange County Bancorp common stock and becomes payable upon his separation from service as a director.

How many Orange County Bancorp (OBT) common shares does Jon Schiller own directly?

Following the reported transactions, Jon Schiller directly owns 12,473 shares of Orange County Bancorp common stock. This figure reflects his direct holdings as of the Form 4’s reported date, separate from his phantom stock and restricted stock unit awards.

What are the key terms of Jon Schiller’s phantom stock award at Orange County Bancorp?

Each phantom stock share is economically equivalent to one common share and becomes payable when Schiller separates from service as a director. The March 16, 2026 award added 28 such units, increasing his total phantom stock balance to 4,811 units.

When do Jon Schiller’s restricted stock units in Orange County Bancorp vest and settle?

His restricted stock units vest 100% on February 19, 2027. They will be settled in shares of Orange County Bancorp common stock when he separates from service, aligning payout timing with the end of his board service.

Does this OBT Form 4 show Jon Schiller buying or selling stock on the market?

The filing does not show any open‑market purchases or sales. It reports a grant of phantom stock as a compensation award, plus updated balances of his phantom stock units and directly held common shares.