Form 4: Director Keane Reports OBT Stock & Phantom Stock Holdings

Orange County Bancorp Director Kevin J. Keane reported his beneficial ownership of common stock and phantom stock, including a recent acquisition of phantom stock.

Summary

• Kevin J. Keane, a Director of Orange County Bancorp, Inc. (OBT), reported his beneficial ownership of the company's securities.
• Directly owns 19,266 shares of Common Stock, which includes restricted stock units that vest 100% as of the grant date and are settled in shares upon his separation from service.
• Indirectly owns 7,400 shares of Common Stock through a partnership.
• Indirectly owns 832 shares of Common Stock through a 401(k) plan.
• Acquired 100 shares of Phantom Stock on March 16, 2026, at a price of $31.29 per share.
• Following this transaction, Keane beneficially owns 17,480 shares of Phantom Stock.
• Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable upon his separation from service as a director.
• Some restricted stock units included in his direct holdings are scheduled to vest 100% on February 19, 2027, and will also be settled upon separation from service.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive signal, as a director's acquisition of phantom stock, even if part of a compensation plan, generally indicates continued alignment with shareholder interests.

Positives

• Director Kevin J. Keane increased his beneficial ownership of derivative securities by acquiring 100 shares of phantom stock, which generally aligns his interests with those of shareholders.

Industry Context

StockSavvy.ai notes that insider transaction reports like this Form 4 provide transparency into management's equity holdings and can signal their confidence in the company's future. For regional banks like Orange County Bancorp, director holdings are often closely watched by investors for alignment of interests.

Related Party Transactions

• The reported acquisition of phantom stock by Director Kevin J. Keane is a related party transaction, reflecting equity compensation.

Stakeholder Impact

• Shareholders: Increased transparency regarding director's equity holdings and alignment of interests.
• Management: Reflects compensation structure and equity incentives for directors.

Key Dates

Recommendation

The filing reports a routine insider transaction where a director acquired phantom stock. While it shows continued alignment of interests, it does not present new information significant enough to warrant a change in investment recommendation based solely on this filing. Investors should consider broader company fundamentals and market conditions.

Keywords

Orange County Bancorp, OBT, Kevin J. Keane, Director, Insider Transaction, Form 4, Beneficial Ownership, Phantom Stock, Restricted Stock Units, Equity Holdings