Form 4: Orange County Bancorp Director Jon Schiller Increases Stake with $150K Stock Purchase

Orange County Bancorp, Inc. Director Jon Schiller has acquired 6,451 shares of common stock for approximately $150,000, increasing his direct beneficial ownership to 12,446 shares.

Summary

• Jon Schiller, a Director of Orange County Bancorp, Inc. (OBT), purchased 6,451 shares of the company's common stock.
• The transaction occurred on June 4, 2025, at a price of $23.25 per share.
• The total value of the acquired shares is approximately $149,982.75 (6,451 shares * $23.25/share).
• Following this purchase, Mr. Schiller's direct beneficial ownership of Orange County Bancorp common stock increased to 12,446 shares.
• His holdings also include 1,527 shares of phantom stock, which are the economic equivalent of common stock and become payable upon his separation from service as a director.
• The reported beneficial ownership of 12,446 shares includes restricted stock units that are set to vest 100% on February 20, 2026, and will be settled in common stock upon his separation from service.

Sentiment

Score: 8

Explanation: The insider purchase by a director is a strong positive signal, indicating confidence in the company's future. While not a direct financial performance report, insider buying is often interpreted favorably by the market.

Positives

• An insider purchase by a director signals confidence in the company's future prospects and valuation.
• The acquisition of 6,451 shares at $23.25 per share represents a significant personal investment by a key management figure.
• The increase in direct beneficial ownership to 12,446 shares aligns the director's interests more closely with those of shareholders.

Future Outlook

The document indicates that restricted stock units included in the beneficial ownership will vest 100% on February 20, 2026, and will be settled in shares of Issuer common stock upon separation from service of the reporting person. Phantom stock also becomes payable upon separation from service.

Industry Context

This Form 4 filing reports an individual insider transaction within the banking sector. Such transactions are common and reflect individual management's investment decisions, rather than broader industry trends. However, insider buying can sometimes be seen as a positive signal for the specific company within its industry.

Related Party Transactions

• The reported transaction is a direct purchase of common stock by Jon Schiller, a Director of Orange County Bancorp, Inc., which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The insider purchase may instill greater confidence among existing and potential shareholders, as it suggests management believes the stock is undervalued or has strong growth prospects. It aligns the director's interests more closely with shareholders.

Next Steps

• Restricted stock units held by Jon Schiller are scheduled to vest 100% on February 20, 2026.
• Both restricted stock units and phantom stock will be settled/payable upon Jon Schiller's separation from service as a director.

Key Dates

Recommendation

Keywords

Orange County Bancorp, OBT, Jon Schiller, Insider Trading, Stock Purchase, Director Stock Acquisition, SEC Form 4, Beneficial Ownership, Restricted Stock Units, Phantom Stock