Louis Heimbach - Jan 3, 2023 Form 4 Insider Report for Orange County Bancorp, Inc. /DE/ (OBT)

Role: Director
Signature: /s/ Jennifer Staub, pursuant to power of attorney
Stock symbol: OBT
Transactions as of: Jan 3, 2023
Transactions value $: $17,990
Form type: 4
Date filed: 1/4/2023, 01:43 PM
Previous filing: Feb 13, 2023
Next filing: Mar 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	OBT	Common Stock						55.5K	Jan 3, 2023	Direct	F1
holding	OBT	Common Stock						3.09K	Jan 3, 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	$18K	+384		$46.85	384	Jan 3, 2023	Common Stock	384		Direct	F2

* 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	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.