Michael J. Gilfeather - Jan 3, 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
Stock symbol: OBT
Transactions as of: Jan 3, 2023
Transactions value $: $2,306
Form type: 4
Date filed: 11/3/2023, 10:29 AM
Previous filing: Dec 20, 2022
Next filing: Feb 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	OBT	Common Stock						34.1K	Jan 3, 2023	Direct	F1, F2, F3, F4
holding	OBT	Common Stock						7.8K	Jan 3, 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
transaction	OBT	Phantom Stock	Award	$2.27K				5.94K	Jan 3, 2023	Common Stock	2.27K		Direct	F5
transaction	OBT	Phantom Stock	Award	$10.00				5.95K	Mar 15, 2023	Common Stock	10		Direct	F5
transaction	OBT	Phantom Stock	Award	$16.00				5.97K	Jun 15, 2023	Common Stock	16		Direct	F5
transaction	OBT	Phantom Stock	Award	$11.00				5.98K	Sep 15, 2023	Common Stock	11		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.