Orange County Bancorp, Inc. (OBT) – Form 4 filing dated 07/01/2025
Director Jonathan F. Rouis reported one reportable transaction: the acquisition of 170 shares of phantom stock on 07/01/2025 at a reference price of $26.49. Phantom stock is economically equivalent to common stock and will be settled in shares when the director separates from service. Following the grant, Rouis beneficially owns 5,630 phantom shares.
No open-market purchases or sales of OBT common stock were disclosed. The filing also restates the director’s current common-stock ownership: 9,295 shares held directly (including fully-vested restricted stock units) and 400 shares held indirectly through a spouse.
The grant appears to be routine director compensation and does not alter ownership percentages materially.