Orange County Bancorp (OBT) CFO granted 5,059 shares; 1,177 used for tax withholding
Rhea-AI Filing Summary
Orange County Bancorp EVP and CFO Michael Lesler received a grant of 5,059 shares of Common Stock on March 19, 2026, recorded at $0.00 per share as a stock award. On the same date, 1,177 shares of Common Stock were disposed of at $31.15 per share to satisfy tax obligations, a non‑market, tax-withholding transaction.
Following these transactions, Lesler directly holds 16,216 shares of Common Stock. He also has indirect holdings of 1,623 shares through a 401(k) plan and 2,000 shares through an IRA. In addition, he holds 2,519 units of Phantom Stock tied to Common Stock under a performance-based SERP, which may be settled in company shares upon distribution based on his prior elections. Footnotes explain that his direct holdings include restricted stock units vesting in one-third increments starting on March 21, 2025, March 20, 2026, and March 19, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,059 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,177 | $31.15 | $37K |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 21, 2025. Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 20, 2026. Restricted stock units which vest at a rate of 1/3 per year commencing on March 19, 2027. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended. Represents deemed investments in connection with the Performance-Based SERP. Phantom stock interests under the Performance-Based SERP may be settled in shares of Company stock upon distribution to the reporting person, based on their prior election.
