Michael J. Gilfeather - Jun 15, 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
Stock symbol
OBT
Transactions as of
Jun 15, 2022
Transactions value $
$711
Form type
4
Date filed
6/17/2022, 03:46 PM
Previous filing
May 3, 2022
Next filing
Aug 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OBT Common Stock 30.5K Jun 15, 2022 Direct F1, F2, F3, F4
holding OBT Common Stock 7.6K Jun 15, 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 $711 +19.5 +0.55% $36.43 3.57K Jun 15, 2022 Common Stock 19.5 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.