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.