Orange County Bancorp director gets stock awards
Orange County Bancorp director Jon Schiller reported equity-based compensation and a related share disposition.
Rhea-AI Filing Summary
Orange County Bancorp director Jon Schiller reported equity-based compensation and a related share disposition. On February 19, he received a grant of 866 shares of common stock as a stock award, bringing his direct common stock holdings to 13,468 shares. On February 20, he disposed of 995 common shares back to the issuer at no stated price, leaving 12,473 common shares directly owned.
He also reported 4,783 phantom stock units, each economically equivalent to one common share and payable after his separation from service as a director. Footnotes describe restricted stock units that vest 100% on February 20, 2026 and February 19, 2027, with settlement in common stock upon his separation from service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 0 | $0.00 | $0.00 |
| Disposition | Common Stock | 995 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 866 | $0.00 | $0.00 |
Footnotes (3)
- F1. Restricted stock units which vest 100% on February 20, 2026 (including accumulated dividends) and were deferred into the Orange County Bancorp, Inc. Stock-Based Deferral Plan, as amended and restated. The restricted stock units will settle in shares of Issuer common stock upon the reporting person's separation from service.
- 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.
- F3. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Orange County Bancorp (OBT) report for Jon Schiller?
What phantom stock units did Jon Schiller report in Orange County Bancorp (OBT)?
When do Jon Schiller’s restricted stock units at Orange County Bancorp (OBT) vest and settle?
What does the Form 4 say about dividend treatment on Jon Schiller’s OBT deferred units?
AI-generated analysis. How Rhea-AI works. Not financial advice.