Michael J. Gilfeather - 15 Mar 2022 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: 15 Mar 2022
Transactions value $: $707
Form type: 4
Filing time: 17 Mar 2022, 13:13:30 UTC
Previous filing: 22 Feb 2022
Next filing: 03 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	OBT	Common Stock						30.1K	15 Mar 2022	Direct	F1, F2, F3, F4
holding	OBT	Common Stock						7.4K	15 Mar 2022	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	$707	+17.4	+0.49%	$40.78	3.55K	15 Mar 2022	Common Stock	17.4		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 on February 21, 2021, February 15, 2022 and February 15, 2023.
F2	Includes shares of restricted stock which vest at a rate of 1/3 per year commencing on February 15, 2022.
F3	Includes restricted stock units which vest at a rate of 1/3 per year commencing on September 21, 2022.
F4	Includes restricted stock units which vest at a rate of 1/3 per year commencing on February 15, 2023.
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.