Orange County Bancorp director granted phantom stock
OBT director Jonathan F. Rouis reported a new phantom stock award tied to 34 common shares, increasing his deferred equity-based holdings.
Rhea-AI Filing Summary
Orange County Bancorp, Inc. (symbol: OBT) is the issuer of record for a Form 4 filing submitted to the SEC. Rouis Jonathan F reported acquisition or exercise transactions in this Form 4 filing.
Orange County Bancorp, Inc. (OBT) director Jonathan F. Rouis reported an award of phantom stock on September 15, 2026. The grant represents 34 phantom stock units, each economically equivalent to one share of common stock, and increases his reported phantom stock balance to 7,414 units, payable upon his separation from service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 0 shares
Grant/Award
3 txns
Insider
Rouis Jonathan F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F3 | -- | $38.78 | -- |
| holding | Common Stock F1, F2 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 7,414 contracts (Direct);
Common Stock — 9,166 shares (Direct);
Common Stock — 400 shares (Indirect, By Spouse)
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 units granted: 34 units
Reference value per phantom stock unit: $38.78 per unit
Phantom stock units held after grant: 7,414 units
+2 more
5 metrics
Phantom stock units granted
34 units
Phantom stock award on September 15, 2026
Reference value per phantom stock unit
$38.78 per unit
Grant of phantom stock on September 15, 2026
Phantom stock units held after grant
7,414 units
Total phantom stock position following the September 15, 2026 award
Direct common stock holdings
9,166 shares
Common stock directly held by Jonathan F. Rouis as of September 15, 2026
Indirect common stock holdings by spouse
400 shares
Common stock held indirectly by spouse as of September 15, 2026
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% 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.
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 insider transaction did OBT director Jonathan F. Rouis report on this Form 4?
Jonathan F. Rouis reported a grant of phantom stock on September 15, 2026. The award covers 34 phantom stock units, each economically equivalent to one share of Orange County Bancorp, Inc. common stock, and is payable upon his separation from service as a director.
How many phantom stock units in OBT does Jonathan F. Rouis hold after this transaction?
After the September 15, 2026 award, Jonathan F. Rouis holds 7,414 phantom stock units related to Orange County Bancorp, Inc. Each unit is the economic equivalent of one share of common stock and becomes payable when he separates from service as a director.
What common stock holdings in OBT does Jonathan F. Rouis report on this Form 4?
Jonathan F. Rouis reports 9,166 shares of Orange County Bancorp, Inc. common stock held directly and 400 shares held indirectly by his spouse. These figures include restricted stock units described in the footnotes that settle in shares upon his separation from service.
At what reference value was the OBT phantom stock award granted to Jonathan F. Rouis?
The phantom stock award to Jonathan F. Rouis used a reference value of $38.78 per unit. Each phantom stock unit is economically equivalent to one share of Orange County Bancorp, Inc. common stock, with payment triggered upon his separation from service as a director.
Are Jonathan F. Rouis’s phantom stock units in OBT immediately payable?
No. The filing states that each phantom stock unit becomes payable upon Jonathan F. Rouis’s separation from service as a director. Until that event, the phantom stock functions as a deferred, share-value–based compensation linked to Orange County Bancorp, Inc. common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
