Form 4: Director Richard Rowley Boosts OBT Holdings

Orange County Bancorp Director Richard B. Rowley reported an acquisition of phantom stock and updated his beneficial ownership of common stock and restricted stock units.

Summary

• Richard B. Rowley, a Director of Orange County Bancorp, Inc. (OBT), filed a Form 4 statement of changes in beneficial ownership.
• The filing reports beneficial ownership of 537,263 shares of common stock.
• This common stock 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.
• It also includes restricted stock units which vest 100% on February 20, 2026, and are settled in shares of Issuer common stock upon separation from service of the reporting person.
• Rowley acquired 108 shares of phantom stock on September 16, 2025.
• 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.
• Following this transaction, Rowley beneficially owns 21,691 shares of phantom stock.

Sentiment

Score: 6

Explanation: The filing reports a routine insider transaction where a director acquired additional phantom stock, which is generally viewed as a minor positive signal of confidence in the company's future.

Positives

• Director Richard B. Rowley acquired 108 shares of phantom stock, aligning his interests further with shareholders.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Acquisition of 108 shares of phantom stock by Director Richard B. Rowley from Orange County Bancorp, Inc.

Stakeholder Impact

• Shareholders: Increased alignment of Director Richard B. Rowley's interests with shareholders due to additional equity ownership through phantom stock and restricted stock units.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction where a director acquired additional phantom stock. While this indicates continued alignment of interests, it does not provide sufficient new information to warrant a change in investment recommendation based solely on this disclosure.

Keywords

Orange County Bancorp, OBT, Richard B. Rowley, Form 4, insider ownership, director, beneficial ownership, phantom stock, restricted stock units