Form 4: Director Rouis Discloses OBT Stock Holdings

Orange County Bancorp Director Jonathan F. Rouis filed a Form 4 detailing his beneficial ownership of common stock and phantom stock units.

Summary

• Jonathan F. Rouis, a Director of Orange County Bancorp, Inc. (OBT), filed a Form 4 disclosing his beneficial ownership of the company's securities.
• He directly owns 9,295 shares of Common Stock, which includes restricted stock units (RSUs).
• An additional 400 shares of Common Stock are indirectly owned by his spouse.
• On December 16, 2025, he acquired 36 units of phantom stock at a price of $28.95 per unit.
• Following this transaction, he beneficially owns 5,873 units of phantom stock.
• Some restricted stock units vest 100% on February 20, 2026, and are settled in shares of Issuer common stock upon separation from service of the reporting person.
• Each phantom stock unit is the economic equivalent of one share of common stock and becomes payable upon his separation of service as a director.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine regulatory disclosure of insider ownership and equity compensation, not a performance or strategic announcement.

Positives

• Director Rouis's continued beneficial ownership of company stock and phantom stock aligns his interests with shareholders.
• The acquisition of 36 phantom stock units indicates ongoing participation in the company's equity incentive plans for directors.

Future Outlook

Restricted stock units are scheduled to vest on February 20, 2026. Both restricted stock units and phantom stock units are settled in shares of common stock upon the reporting person's separation from service as a director.

Industry Context

This Form 4 filing is a routine disclosure of insider ownership changes, common across all publicly traded companies, and does not provide specific industry-related insights beyond the company's equity compensation practices for its directors.

Related Party Transactions

• The acquisition of phantom stock and the holding of restricted stock units represent equity compensation arrangements between the company and its director, which are considered related party transactions in the context of insider ownership.

Stakeholder Impact

• Shareholders: Provides transparency into director ownership and alignment of interests.
• Employees: Reflects standard equity compensation practices for directors.

Next Steps

• Vesting of restricted stock units on February 20, 2026.
• Settlement of restricted stock units and phantom stock units in common stock upon the reporting person's separation from service as a director.

Key Dates

Keywords

Orange County Bancorp, OBT, Form 4, Insider Trading, Beneficial Ownership, Director, Common Stock, Phantom Stock, Restricted Stock Units, Equity Compensation