Form 4: Orange County Bancorp CFO Reports Stock Holdings

Orange County Bancorp's EVP and CFO, Michael Lesler, filed a Form 4 detailing his beneficial ownership of common stock and phantom stock, including a recent phantom stock acquisition.

Summary

• Michael Lesler, Executive Vice President and Chief Financial Officer of Orange County Bancorp, Inc. (OBT), filed a Statement of Changes in Beneficial Ownership (Form 4).
• The filing details his direct and indirect holdings of the company's common stock and phantom stock.
• Mr. Lesler directly owns 12,845 shares of Common Stock, which includes restricted stock units (RSUs) with vesting commencing on December 23, 2023, March 11, 2024, March 21, 2025, and March 20, 2026.
• He indirectly owns 1,062 shares of Common Stock through a 401(k) plan and an additional 2,000 shares through an IRA.
• On September 16, 2025, Mr. Lesler acquired 4 shares of Phantom Stock at a price of $25.95 per share, representing deemed investments under the Performance-Based SERP.
• Following this transaction, his beneficial ownership of Phantom Stock totals 896 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine regulatory filing disclosing an executive's beneficial ownership and a minor phantom stock acquisition, which typically does not carry significant positive or negative implications for the company's valuation or operations.

Positives

• The acquisition of 4 phantom stock units indicates continued participation in the company's Performance-Based SERP, aligning executive incentives with company performance.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine disclosure of an executive's beneficial ownership and transactions, common across all publicly traded companies. It does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive stock ownership and compensation structure, particularly the Performance-Based SERP.

Key Dates

Keywords

Orange County Bancorp, OBT, Michael Lesler, Form 4, insider trading, beneficial ownership, phantom stock, restricted stock units, executive compensation