Michael J. Gilfeather - 03 Jan 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
03 Jan 2023
Transactions value $
$2,306
Form type
4
Filing time
03 Nov 2023, 10:29:35 UTC
Previous filing
20 Dec 2022
Next filing
17 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OBT Common Stock 34.1K 03 Jan 2023 Direct F1, F2, F3, F4
holding OBT Common Stock 7.8K 03 Jan 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 03 Jan 2023 Common Stock 2.27K Direct F5
transaction OBT Phantom Stock Award $10.00 5.95K 15 Mar 2023 Common Stock 10 Direct F5
transaction OBT Phantom Stock Award $16.00 5.97K 15 Jun 2023 Common Stock 16 Direct F5
transaction OBT Phantom Stock Award $11.00 5.98K 15 Sep 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.