Louis Heimbach - 02 Jan 2024 Form 4 Insider Report for Orange County Bancorp, Inc. /DE/ (OBT)

Role: Director
Signature: /s/ Jennifer Staub, pursuant to power of attorney
Issuer symbol: OBT
Transactions as of: 02 Jan 2024
Net transactions value: +$21,897
Form type: 4
Filing time: 04 Jan 2024, 14:33:00 UTC
Previous filing: 18 Dec 2023
Next filing: 19 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OBT	Common Stock	Small acquisition under Rule 16a-6	$2,543	+49	+0.09%	$51.89	57,389	15 Dec 2023	Direct	F1, F2
transaction	OBT	Common Stock	Small acquisition under Rule 16a-6	$613	+12	+0.37%	$51.08	3,224	15 Dec 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	$18,741	+319	+18%	$58.75	2,053	02 Jan 2024	Common Stock	319		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes restricted stock units which vest 100% as of the date of grant and are settled in shares of Issuer common stock upon separation from service of the reporting person.
F2	Includes restricted stock units which vest 100% on August 8, 2024 and are settled in shares of Issuer common stock upon separation from service of the reporting person.
F3	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.