[Form 4] Orange County Bancorp, Inc. /DE/ Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schiller Jon reported acquisition or exercise transactions in this Form 4 filing.
Orange County Bancorp director Jon Schiller reported his current equity-based holdings and a new compensation award. He now directly holds 12,473 shares of common stock. He also holds 5,460 shares of phantom stock, each economically equivalent to one share of common stock.
The filing shows a grant of phantom stock linked to 28 underlying shares of common stock at $35.35 per share, categorized as a compensation-related award rather than an open-market trade. Footnotes note that certain restricted stock units vest 100% on February 19, 2027 and both RSUs and phantom stock settle upon his separation from service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schiller Jon
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 0 | $35.35 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 5,460 shares (Direct, null);
Common Stock — 12,473 shares (Direct, null)
Footnotes (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. 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 shares held: 12,473 shares
Phantom stock units held: 5,460 units
Underlying common shares for new phantom stock: 28 shares
+2 more
5 metrics
Common shares held
12,473 shares
Direct ownership after transactions on 2026-06-15
Phantom stock units held
5,460 units
Direct phantom stock position after 2026-06-15 grant
Underlying common shares for new phantom stock
28 shares
Common stock economically referenced by phantom stock grant
Phantom stock grant price
$35.35 per share
Price per share associated with phantom stock transaction
RSU vesting date
February 19, 2027
Restricted stock units vest 100% on this date
Key Terms
restricted stock units, phantom stock, economic equivalent, separation of 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 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.
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of common stock"
separation of service financial
"becomes payable upon the reporting person's separation of service as a director"