Orange County Bancorp director granted phantom stock

Orange County Bancorp director Olga Luz Tirado received a grant of phantom stock on Common Stock-equivalent terms.

Rhea-AI Filing Summary

Orange County Bancorp director Olga Luz Tirado received a grant of phantom stock on Common Stock-equivalent terms. The award is coded as a grant/acquisition and is tied to 155 shares of underlying common stock, with each phantom share economically equivalent to one common share.

Following this grant, Tirado holds 532 phantom stock units and 2,963 shares of common stock directly. The filing notes that phantom stock and related restricted stock units become payable or are settled in common shares upon her separation from service as a director, with the restricted stock units vesting 100% on February 19, 2027.

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	0	$32.32	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock — 532 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 underlying common: 155 shares Phantom stock holdings: 532 units Common stock holdings: 2,963 shares +2 more

5 metrics

Phantom stock underlying common 155 shares Underlying common stock for phantom stock grant on April 1, 2026

Phantom stock holdings 532 units Total phantom stock units following the reported grant

Common stock holdings 2,963 shares Directly held Orange County Bancorp common shares after the transaction

Phantom stock reference price $32.32 per unit Transaction price per phantom stock share in the grant

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

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 did Orange County Bancorp (OBT) director Olga Luz Tirado receive in this Form 4?

Olga Luz Tirado received a grant of phantom stock tied to 155 shares of underlying common stock. The award is classified as a grant or other acquisition, reflecting compensation rather than an open-market purchase or sale of Orange County Bancorp shares.

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

After the grant, Olga Luz Tirado holds 532 phantom stock units. Each phantom stock unit is the economic equivalent of one share of Orange County Bancorp common stock and becomes payable when she separates from service as a director, according to the filing footnote.

How many shares of Orange County Bancorp (OBT) common stock does Olga Luz Tirado own after this filing?

The Form 4 shows Olga Luz Tirado directly holding 2,963 shares of Orange County Bancorp common stock after the reported transactions. This entry is listed as a holding update, with no buy or sell code, indicating her direct ownership position as of the transaction date.

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

The filing states that restricted stock units vest 100% on February 19, 2027. They are settled in shares of Orange County Bancorp common stock upon Tirado’s separation from service, meaning she receives the actual shares when her board service ends.

What is phantom stock in the context of Orange County Bancorp’s (OBT) director compensation?

For Orange County Bancorp, each phantom stock share is the economic equivalent of one common share and becomes payable upon the director’s separation from service. It mirrors the value of common stock but is typically settled later in cash or shares, as described in the footnote.

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

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Accepted by SEC EDGAR 04/02/2026 - 12:06 PM EDT 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)
04/01/2026

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)	04/01/2026		A		$155		(2)	(2)	Common Stock	155	$32.32	532	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	04/02/2026
	** 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)