Form 4: Director Jon Schiller Increases OBT Stake via Phantom Stock

Director Jon Schiller acquired 622 shares of phantom stock in Orange County Bancorp, Inc. on April 1, 2026.

Summary

• Director Jon Schiller acquired 622 shares of phantom stock at a price of $32.32 per share.
• The transaction occurred on April 1, 2026.
• Following this transaction, the director holds a total of 5,433 shares of phantom stock.
• The director maintains a direct beneficial ownership of 12,473 shares of common stock, which includes restricted stock units vesting on February 19, 2027.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral-to-positive event, as it reflects standard director compensation and continued equity alignment rather than a significant strategic shift.

Positives

• Director demonstrates alignment with shareholder interests through the acquisition of equity-linked compensation.

Negatives

• None identified.

Risks

• Value of phantom stock is tied to the market performance of Orange County Bancorp common stock.

Future Outlook

The filing does not provide forward-looking guidance regarding company operations or financial performance.

Industry Context

StockSavvy.ai notes that director equity acquisitions, particularly in the regional banking sector, are generally viewed as a signal of confidence in the issuer's long-term stability and governance.

Comparison to Industry Standards

• The use of phantom stock as a component of director compensation is a standard practice among regional financial institutions to align board incentives with shareholder value.

Stakeholder Impact

• Shareholders may view the director's increased equity-linked position as a positive indicator of management confidence.

Next Steps

• Restricted stock units held by the director are scheduled to vest on February 19, 2027.

Key Dates

Keywords

Orange County Bancorp, OBT, Insider Trading, Form 4, Director, Phantom Stock