Gregory Sousa - Feb 15, 2023 Form 4 Insider Report for Orange County Bancorp, Inc. /DE/ (OBT)

Role
EVP and CCBO
Signature
/s/ Jennifer Staub, pursuant to power of attorney
Stock symbol
OBT
Transactions as of
Feb 15, 2023
Transactions value $
-$26,540
Form type
4
Date filed
2/17/2023, 03:47 PM
Previous filing
Dec 21, 2022
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OBT Common Stock Tax liability -$26.5K -497 -12.69% $53.40 3.42K Feb 15, 2023 Direct F1, F2, F3, F4
holding OBT Common Stock 870 Feb 15, 2023 By 401(k) F5

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
holding OBT Phantom Stock 617 Feb 15, 2023 Common Stock 617 Direct F6
* 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 Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
F6 Represents deemed investments in connection with the Performance-Based SERP. Phantom stock interests under the Performance-Based SERP may be settled in shares of Company stock upon distribution to the reporting person, based on their prior election.