Orange County Bancorp director receives phantom stock grant

Schiller Jon reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Schiller Jon reported acquisition or exercise transactions in this Form 4 filing.

Orange County Bancorp director Jon Schiller reported updated equity holdings and a new compensation award. He directly holds 12,473 shares of common stock, which include restricted stock units scheduled to vest 100% on February 19, 2027 and to be settled in common shares upon his separation from service.

Schiller also received a grant of phantom stock that is economically equivalent to common stock, covering 536 underlying shares at an indicated value of $37.46 per unit. Following this grant, he holds 5,996 phantom stock units, which become payable when his service as a director ends.

Insider Trade Summary

Grant/Award: 0 shares

Grant/Award 2 txns

Insider Schiller Jon

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	0	$37.46	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Phantom Stock — 5,996 contracts (Direct); Common Stock — 12,473 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

Common shares held: 12,473 shares Phantom stock units: 5,996 units Underlying common shares for grant: 536 shares +3 more

6 metrics

Common shares held 12,473 shares Direct common stock ownership following transactions

Phantom stock units 5,996 units Total phantom stock holdings after grant

Underlying common shares for grant 536 shares Underlying security shares tied to phantom stock award

Phantom stock reference price $37.46 per unit Transaction price per phantom stock unit

Conversion or exercise price $0.00 Phantom stock economic equivalent structure

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

Key Terms

Phantom Stock, restricted stock units, economic equivalent, grant, award, or other acquisition

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"

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Orange County Bancorp (OBT) director Jon Schiller report?

Jon Schiller reported a compensation-related equity update, including a grant of phantom stock tied to 536 underlying common shares and updated direct ownership of 12,473 common shares, rather than an open-market stock purchase or sale.

How many Orange County Bancorp (OBT) common shares does Jon Schiller hold after this filing?

Jon Schiller holds 12,473 shares of Orange County Bancorp common stock directly after the reported transactions. This total includes restricted stock units that will convert into common shares when they vest and are settled upon his separation from service.

What is the size of Jon Schiller’s phantom stock position in Orange County Bancorp (OBT)?

After the reported grant, Jon Schiller holds 5,996 phantom stock units. Each phantom stock unit is the economic equivalent of one share of common stock and becomes payable when his service as a director with Orange County Bancorp ends.

When do Jon Schiller’s restricted stock units in Orange County Bancorp (OBT) vest?

The restricted stock units included in Jon Schiller’s common stock holdings vest 100% on February 19, 2027. They will be settled in shares of Orange County Bancorp common stock when he separates from service as a reporting person with the company.

How does Orange County Bancorp (OBT) describe the phantom stock granted to Jon Schiller?

Each share of phantom stock is described as the economic equivalent of one share of common stock. The phantom stock becomes payable to Jon Schiller only upon his separation of service as a director of Orange County Bancorp, rather than being immediately settled.

Is Jon Schiller’s Form 4 for Orange County Bancorp (OBT) an open-market trade?

The Form 4 reflects a grant of phantom stock and updated holdings, not an open-market trade. The key action is a compensation-related award economically equivalent to common stock, with payment and settlement tied to Jon Schiller’s eventual separation from service.

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

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Accepted by SEC EDGAR 07/06/2026 - 05:44 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^*

Schiller Jon

(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								12,473(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		$536		(2)	(2)	Common Stock	536	$37.46	5,996	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)