Michael J. Gilfeather - Jan 2, 2024 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 2, 2024
Transactions value $
$117,970
Form type
4
Date filed
1/4/2024, 02:36 PM
Previous filing
Dec 18, 2023
Next filing
Jan 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OBT Common Stock 34.1K Jan 2, 2024 Direct F1, F2, F3, F4
holding OBT Common Stock 7.8K Jan 2, 2024 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 $118K +2.01K +33.47% $58.75 8.01K Jan 2, 2024 Common Stock 2.01K 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.