Orange County Bancorp (OBT) director updates holdings with new phantom stock grant

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 holdings and a new equity-based award. Following the latest Form 4, she directly holds 2,963 shares of Orange County Bancorp common stock, including restricted stock units that vest 100% on February 19, 2027 and are settled in shares upon separation from service.

She also received a grant of phantom stock, leaving her with 317 phantom stock units, each economically equivalent to one share of common stock and payable upon her separation of service as a director. The phantom stock relates to 33 underlying shares of common stock and represents compensation rather than an open-market trade.

Insights

Equity compensation analyst

Director received routine equity-based awards, with no open-market trading.

The filing shows Olga Luz Tirado, a director of Orange County Bancorp, receiving a grant of phantom stock units, economically mirroring common shares. This is compensation, not a market purchase or sale, and leaves her with 2,963 common shares and 317 phantom units.

The phantom stock becomes payable, and certain restricted stock units vest, only upon her separation from service, tying value to continued board tenure. Because there are no open-market buys or sells and the scale is modest, this appears to be a standard governance and compensation update rather than a thesis-changing event.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Tirado Olga Luz

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	0	$37.46	--
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock — 317 shares (Direct); Common Stock — 2,963 shares (Direct)

Footnotes (1)

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 stock holdings: 2,963 shares Phantom stock units: 317 units Underlying common shares: 33 shares +2 more

5 metrics

Common stock holdings 2,963 shares Shares of Orange County Bancorp common stock held directly after transactions

Phantom stock units 317 units Phantom stock units held after grant; each equals one common share economically

Underlying common shares 33 shares Common stock underlying the reported phantom stock derivative position

Phantom stock reference price $37.46 per unit Transaction price per phantom stock unit in the award

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

Key Terms

restricted stock units, phantom stock, economic equivalent, grant, award, or other acquisition

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"

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition"

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Available on EDGAR 07/06/2026 - 05:54 PM Accepted by SEC EDGAR 07/06/2026 - 05:53 PM Learn about SEC filing dates

FAQ

What insider activity did Orange County Bancorp (OBT) report for Olga Luz Tirado?

Orange County Bancorp director Olga Luz Tirado reported updated holdings and a phantom stock grant. She now holds 2,963 common shares and 317 phantom stock units, reflecting routine equity-based compensation rather than open-market buying or selling activity.

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

After this Form 4, Olga Luz Tirado holds 2,963 shares of Orange County Bancorp common stock. This amount includes restricted stock units that vest 100% on February 19, 2027, and are settled in issuer common shares upon her separation from service.

What is the phantom stock award reported for Orange County Bancorp (OBT) director Olga Luz Tirado?

The filing shows Olga Luz Tirado holding 317 phantom stock units after the grant. Each phantom stock unit is the economic equivalent of one Orange County Bancorp common share and becomes payable when she separates from service as a director, functioning as deferred equity compensation.

Does the Orange County Bancorp (OBT) Form 4 show any open-market stock purchases or sales?

The Form 4 does not show any open-market purchases or sales for Olga Luz Tirado. Instead, it reports a grant of phantom stock units and updated common stock and derivative holdings, indicating compensation-related changes rather than trading activity in the market.

When do Olga Luz Tirado’s restricted stock units in Orange County Bancorp (OBT) vest and settle?

Her restricted stock units vest 100% on February 19, 2027, and settle in Orange County Bancorp common shares upon her separation from service. This structure ties the value of the award to her continued service and eventual departure from the board.

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)
07/01/2026

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)	07/01/2026		A		$33		(2)	(2)	Common Stock	33	$37.46	317	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	07/06/2026
	** 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)