Orange County Bancorp (OBT) director adds phantom stock award and updates holdings
Rhea-AI Filing Summary
Rowley Richard B reported acquisition or exercise transactions in this Form 4 filing.
Orange County Bancorp director Richard B. Rowley received a grant of phantom stock on July 22, 2026, economically equivalent to 54 shares of common stock at $37.1900 per share. After this award, he holds 26,691.0000 phantom stock equivalents and 537,134.0000 common-stock-related shares, including restricted stock units that settle in shares upon separation from service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rowley Richard B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F3 | -- | $37.19 | -- |
| holding | Common Stock F1, F2 | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 26,691 shares (Direct);
Common Stock — 537,134 shares (Direct)
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: 54.0000 shares
Grant reference price: $37.1900 per share
Phantom stock holdings after grant: 26,691.0000 units
+1 more
4 metrics
Phantom stock grant
54.0000 shares
Grant of phantom stock on July 22, 2026, economically equivalent to common shares
Grant reference price
$37.1900 per share
Per-share value used for the July 22, 2026 phantom stock award
Phantom stock holdings after grant
26,691.0000 units
Total phantom stock equivalents held by Richard B. Rowley after the award
Common stock-related holdings
537,134.0000 shares
Total direct common stock and related restricted stock units after the reported transactions
Key Terms
Phantom Stock, restricted stock units, economic equivalent
3 terms
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share of common stock"
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% and are settled in shares of Issuer common stock"
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 of common stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Orange County Bancorp (OBT) report for Richard B. Rowley?
Orange County Bancorp reported that director Richard B. Rowley received a grant of 54.0000 shares of phantom stock on July 22, 2026 at $37.1900 per share, increasing his phantom stock holdings to 26,691.0000 equivalents.
What is the nature of the phantom stock granted to the Orange County Bancorp (OBT) director?
Each share of phantom stock granted to Richard B. Rowley is the economic equivalent of one share of Orange County Bancorp common stock and becomes payable upon his separation of service as a director, aligning value with the company’s share performance.
At what price was the phantom stock granted to the Orange County Bancorp (OBT) director?
The phantom stock granted to Richard B. Rowley on July 22, 2026 carries a reference value of $37.1900 per share. This price is used to determine the economic value of the 54.0000 phantom stock units awarded in the transaction.
How are Richard B. Rowley’s restricted stock units in Orange County Bancorp (OBT) structured?
Rowley’s holdings include restricted stock units that either vest 100% as of the grant date or on February 19, 2027, and all such units are settled in shares of Orange County Bancorp common stock upon his separation from service.