Michael J. Gilfeather - 21 Sep 2023 Form 4 Insider Report for Orange County Bancorp, Inc. /DE/ (OBT)

Role
President and CEO, Director
Signature
/s/ Jennifer Staub, pursuant to power of attorney
Issuer symbol
OBT
Transactions as of
21 Sep 2023
Net transactions value
-$18,585
Form type
4
Filing time
25 Sep 2023, 15:14:58 UTC
Previous filing
20 Sep 2023
Next filing
18 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OBT Common Stock Tax liability $18,585 -420 -1.2% $44.25 34,099 21 Sep 2023 Direct F1, F2, F3, F4
holding OBT Common Stock 7,800 21 Sep 2023 By IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding OBT Phantom Stock 3,670 21 Sep 2023 Common Stock 3,670 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares of restricted stock which vest at a rate of 1/3 per year commencing on February 15, 2022.
F2 Includes restricted stock units which vest at a rate of 1/3 per year commencing on September 21, 2022.
F3 Includes restricted stock units which vest at a rate of 1/3 per year commencing on February 15, 2023.
F4 Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 11, 2024
F5 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 an executive and the reporting person reaches the age of 65.