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

Orange County Bancorp Director Jonathan F. Rouis reported changes in his beneficial ownership, including direct and indirect common stock holdings and phantom stock acquisitions.

Summary

• Jonathan F. Rouis, a Director of Orange County Bancorp, Inc. (OBT), reported his beneficial ownership of the company's securities.
• Directly owns 9,295 shares of Common Stock, which includes restricted stock units (RSUs) that vest 100% as of the grant date and are settled upon separation from service.
• Indirectly owns 400 shares of Common Stock through his spouse.
• Acquired 28 shares of Phantom Stock on September 16, 2025, at a price of $25.95 per share.
• Beneficially owns 5,658 shares of Phantom Stock, with each share being the economic equivalent of one common stock share, payable upon separation from service as a director.
• A portion of the restricted stock units (RSUs) will vest 100% on February 20, 2026, and will also be settled upon separation from service.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of insider ownership changes, which is generally neutral. The acquisition of phantom stock and holding of RSUs can be seen as a minor positive for alignment of interests.

Positives

• The acquisition of 28 shares of phantom stock by a director indicates continued alignment of management interests with shareholder value.
• The existence of restricted stock units (RSUs) with vesting schedules provides long-term incentives for the director to remain engaged and contribute to the company's success.

Future Outlook

The filing indicates future vesting of restricted stock units on February 20, 2026, which will be settled in common stock upon the reporting person's separation from service.

Industry Context

This filing is a standard insider transaction report and does not provide specific industry context or trends beyond the company's own securities.

Stakeholder Impact

• Shareholders: Provides transparency regarding director's holdings and incentives, which can influence investor confidence and perception of management alignment.

Next Steps

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

Key Dates

Keywords

Orange County Bancorp, OBT, Form 4, Insider Transaction, Beneficial Ownership, Jonathan F. Rouis, Director, Common Stock, Phantom Stock, Restricted Stock Units