Orange County Bancorp director granted 319 phantom units

Director Olga Luz Tirado received a phantom stock grant tied to separation from service, bringing her derivative and common stock holdings in OBT to specified levels.

Rhea-AI Filing Summary

Orange County Bancorp, Inc. (OBT) reported that director Olga Luz Tirado received a grant of phantom stock on September 15, 2026, classified as a grant or award acquisition. Each phantom share is the economic equivalent of one share of common stock and becomes payable upon her separation from service as a director. Following this grant, she holds 319 phantom stock units and 2,963 shares of common stock, held directly. Her common stock holdings include restricted stock units that vest 100% on February 19, 2027 and are settled in shares upon separation from service. No Rule 10b5-1 trading plan is reported for these transactions.

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 F2	--	$38.78	--
holding	Common Stock F1	--	--	--

Holdings After Transaction: Phantom Stock — 319 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

Phantom stock price: $38.78 per unit Phantom stock holdings: 319 units Common stock holdings: 2,963 shares +1 more

4 metrics

Phantom stock price $38.78 per unit Value assigned to phantom stock grant on September 15, 2026

Phantom stock holdings 319 units Total phantom stock units held directly after the grant

Common stock holdings 2,963 shares Direct common stock position after reported transactions, including RSUs

RSU vesting date February 19, 2027 Restricted stock units vest 100% on this date and are settled in shares upon separation from service

Key Terms

Phantom Stock, restricted stock units, economic equivalent, separation from service

4 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% 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.

economic equivalent financial

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

separation from service financial

"becomes 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 transaction in OBT did director Olga Luz Tirado report on September 15, 2026?

Director Olga Luz Tirado reported a grant of phantom stock on September 15, 2026. The award is classified as a grant or award acquisition and is economically equivalent to common stock, becoming payable upon her separation from service as a director.

How many phantom stock units in OBT does Olga Luz Tirado hold after this Form 4 filing?

After the reported grant, Olga Luz Tirado holds 319 phantom stock units. Each unit is the economic equivalent of one share of Orange County Bancorp common stock and becomes payable upon her separation from service as a director.

What are Olga Luz Tirado’s direct common stock holdings in Orange County Bancorp (OBT) after the transaction?

Olga Luz Tirado directly holds 2,963 shares of common stock of Orange County Bancorp after the reported transactions. This amount includes restricted stock units that vest 100% on February 19, 2027 and are settled in shares upon her separation from service.

At what value was the phantom stock grant to Olga Luz Tirado in OBT recorded?

The phantom stock grant to Olga Luz Tirado was recorded at $38.78 per unit. Each phantom stock unit is the economic equivalent of one share of Orange County Bancorp common stock, becoming payable upon her separation from service as a director.

Is Olga Luz Tirado’s reported OBT transaction under a Rule 10b5-1 trading plan?

No. The filing indicates that no Rule 10b5-1 trading plan applies to these transactions. The document-level checkbox for Rule 10b5-1 status is explicitly unchecked for this Form 4 filing.

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

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Available on EDGAR 09/16/2026 - 05:06 PM Accepted by SEC EDGAR 09/16/2026 - 05:06 PM 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)
09/15/2026

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)	09/15/2026		A		$1		(2)	(2)	Common Stock	1	$38.78	319	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	09/16/2026
	** 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)