Orange County Bancorp director awarded 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 reported updated equity holdings. She now directly holds 2,963 shares of common stock, which include restricted stock units that vest 100% on February 19, 2027 and are settled in common shares upon her separation from service.

She also received a grant of phantom stock, bringing her total phantom stock balance to 534 units. Each phantom stock unit is the economic equivalent of one share of common stock and becomes payable when she separates 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	$35.35	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock — 534 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.

Key Figures

Common stock held after transaction: 2,963 shares Phantom stock balance: 534 units Phantom stock reference price: $35.35 per unit +2 more

5 metrics

Common stock held after transaction 2,963 shares Direct holdings following reported transactions

Phantom stock balance 534 units Total phantom stock units after grant

Phantom stock reference price $35.35 per unit Price per phantom stock unit in the grant record

Underlying common shares for new phantom grant 3 shares Common stock underlying the reported phantom stock grant

RSU vesting date February 19, 2027 Restricted stock units vest 100% on this date

Key Terms

restricted stock units, phantom stock, economic equivalent, separation from service

4 terms

restricted stock units financial

"Includes restricted stock units which vest 100% on February 19, 2027"

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.

phantom stock financial

"Each share of phantom stock is the economic equivalent of one share"

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.

economic equivalent financial

"is the economic equivalent of one share of common stock"

separation from service financial

"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 Olga Luz Tirado report for OBT?

Olga Luz Tirado reported updated holdings in Orange County Bancorp. She holds 2,963 common shares, including restricted stock units, and 534 phantom stock units. The filing mainly reflects compensation-related awards rather than open-market buying or selling activity.

How many Orange County Bancorp common shares does Olga Luz Tirado hold after this Form 4?

After this filing, Olga Luz Tirado holds 2,963 shares of Orange County Bancorp common stock directly. This amount includes restricted stock units that vest fully on February 19, 2027 and are settled in common shares upon her separation from service.

What phantom stock did the Orange County Bancorp director receive?

The director was granted phantom stock, resulting in a total phantom stock balance of 534 units. Each phantom stock unit is economically equivalent to one common share and becomes payable when she separates from service as a director of Orange County Bancorp.

How does phantom stock work for Orange County Bancorp (OBT) directors?

For Orange County Bancorp directors, each phantom stock unit equals one common share economically and is payable at separation from service. This structure ties director compensation to company performance without issuing actual shares until the director leaves the board.

When do Olga Luz Tirado’s restricted stock units in OBT vest and settle?

Her restricted stock units vest 100% on February 19, 2027 and are settled in shares of Orange County Bancorp common stock when she separates from service. This deferred settlement links long-term director compensation to future company performance and tenure.

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

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Accepted by SEC EDGAR 06/17/2026 - 10:01 AM EDT 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 NEW YORK 10940

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)	06/15/2026		A		$3		(2)	(2)	Common Stock	3	$35.35	534	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	06/16/2026
	** 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.
* Form 4: SEC 1474 (03-26)