Orange County Bancorp (NYSE: OBT) boosts director stake with 536 phantom stock units
Rhea-AI Filing Summary
Keane Kevin J reported acquisition or exercise transactions in this Form 4 filing.
Orange County Bancorp director Kevin J. Keane received a compensation grant of phantom stock tied to 536 shares of common stock. The award was priced at $37.4600 per phantom share, each economically equivalent to one common share and payable upon his separation from service as a director.
Following this grant, Keane holds 18,730 phantom stock units. As of the same date, his common stock holdings total 19,266 shares directly, plus 7,400 shares held indirectly through a partnership and 832 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Keane Kevin J
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 | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 18,730 shares (Direct);
Common Stock — 19,266 shares (Direct);
Common Stock — 7,400 shares (Indirect, By Partnership);
Common Stock — 832 shares (Indirect, By 401(k))
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
