Form 4: Orange County Bancorp Director Olga Luz Tirado Reports Acquisition of Phantom Stock

Director Olga Luz Tirado reports acquisition of phantom stock and holdings of common stock and restricted stock units in Orange County Bancorp, Inc.

Summary

• On March 17, 2025, Olga Luz Tirado, a director of Orange County Bancorp, Inc., acquired phantom stock representing the economic equivalent of one share of common stock.
• Tirado directly owns 2,097 shares of common stock.
• The phantom stock becomes payable upon Tirado's separation of service as a director.
• The price of the derivative security (phantom stock) is $24.18.
• Tirado also holds restricted stock units that vest on March 21, 2025, and February 20, 2026, which are settled in shares of Issuer common stock upon separation from service of the reporting person.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a transaction by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company directors.

Key Dates

Keywords

Orange County Bancorp, Director, Olga Luz Tirado, Phantom Stock, Common Stock, Restricted Stock Units, Form 4, OBT