Orange County Bancorp director granted phantom stock
HOLCOMBE GREGORY F reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
HOLCOMBE GREGORY F reported acquisition or exercise transactions in this Form 4 filing.
Orange County Bancorp director Gregory F. Holcombe reported updated equity holdings and a new phantom stock grant. He received a grant of phantom stock economically equivalent to 605 shares of common stock at $37.46 per share, increasing his phantom stock balance to 25,579 units.
The filing also lists indirect common stock holdings held by several trusts and a foundation, along with directly held common shares. These awards and holdings are part of his director compensation and become payable or settle in common stock upon his separation from service, based on the footnote terms.
Insider Trade Summary
Grant/Award: 0 shares
Grant/Award
6 txns
Insider
HOLCOMBE GREGORY F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 0 | $37.46 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 25,579 contracts (Direct);
Common Stock — 68,824 shares (Direct);
Common Stock — 14,920 shares (Indirect, By Foundation);
Common Stock — 12,054 shares (Indirect, By Trust 1);
Common Stock — 34,720 shares (Indirect, By Trust 2);
Common Stock — 34,720 shares (Indirect, By Trust 3)
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 equivalent shares: 605 shares
Phantom stock reference price: $37.46 per share
Total phantom stock units after grant: 25,579 units
+5 more
8 metrics
Phantom stock grant equivalent shares
605 shares
Underlying common stock for new phantom stock award
Phantom stock reference price
$37.46 per share
Price associated with phantom stock grant
Total phantom stock units after grant
25,579 units
Phantom stock balance following reported award
Direct common stock holdings
68,824 shares
Common stock held directly after transactions
Common stock by Trust 3
34,720 shares
Indirect common stock holding through Trust 3
Common stock by Trust 2
34,720 shares
Indirect common stock holding through Trust 2
Common stock by Trust 1
12,054 shares
Indirect common stock holding through Trust 1
Common stock by Foundation
14,920 shares
Indirect common stock holding through a foundation
Key Terms
Phantom Stock, restricted stock units, separation from service, economic equivalent
4 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% as of the date of grant"
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.
separation from service financial
"settled in shares of Issuer common stock upon separation from service of the reporting person"
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of common stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Orange County Bancorp (OBT) director Gregory F. Holcombe report in this Form 4?
Gregory F. Holcombe reported a new grant of phantom stock and updated equity holdings. The phantom stock award is tied to the company’s common stock and forms part of his director compensation, settling upon his separation from service under the plan’s terms.
How many phantom stock units tied to OBT common stock does Gregory F. Holcombe now hold?
Following this filing, Gregory F. Holcombe holds 25,579 phantom stock units linked to Orange County Bancorp common stock. Each unit is economically equivalent to one share and becomes payable when he separates from service as a director, according to the footnote disclosure.
What is the size and price of the latest phantom stock grant reported for OBT’s director?
The filing shows a phantom stock award economically equivalent to 605 shares of Orange County Bancorp common stock, at a reference price of $37.46 per share. This grant represents director compensation rather than an open-market purchase or sale of stock.
Does the Orange County Bancorp (OBT) Form 4 show any stock purchases or sales by Gregory F. Holcombe?
The Form 4 does not show open-market purchases or sales; it reports a phantom stock grant and updated holdings. The transaction is coded as a grant or award, indicating compensation rather than discretionary buying or selling in the public market.
How are the reported OBT phantom stock units settled for Gregory F. Holcombe?
According to the footnotes, each phantom stock unit is economically equivalent to one share of Orange County Bancorp common stock and becomes payable when he separates from service as a director. Settlement occurs in line with the company’s compensation plan provisions.
What other types of equity holdings in OBT does Gregory F. Holcombe report besides phantom stock?
In addition to phantom stock, Gregory F. Holcombe reports directly held common shares and indirect common stock holdings through several trusts and a foundation. These positions reflect his overall economic exposure to Orange County Bancorp equity as disclosed in the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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