Form 4: Orange County Bancorp Director Olga Luz Tirado Reports Updated Equity Holdings

Orange County Bancorp, Inc. Director Olga Luz Tirado has filed a Form 4 detailing her beneficial ownership of common stock and the acquisition of phantom stock.

Summary

• Director Olga Luz Tirado reported beneficial ownership of 2,097 shares of Orange County Bancorp, Inc. common stock.
• The common stock holdings include restricted stock units (RSUs) that are set to vest 100% on February 20, 2026, and will be settled in shares of common stock upon her separation from service.
• Ms. Tirado acquired 47 shares of phantom stock on July 1, 2025, bringing her total phantom stock holdings to 147 shares.
• Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable upon her separation from service as a director.
• The phantom stock was valued at $26.49 per share at the time of acquisition.

Sentiment

Score: 6

Explanation: The document is a factual report of insider holdings and compensation, indicating continued director involvement and alignment of interests, which is generally positive or neutral.

Positives

• Director Olga Luz Tirado continues to hold a significant stake in Orange County Bancorp, Inc., including 2,097 shares of common stock.
• The acquisition of 47 additional phantom stock units demonstrates continued alignment of the director's interests with shareholder value.
• The vesting schedule for restricted stock units provides a clear future date for equity conversion, indicating long-term commitment.

Future Outlook

The restricted stock units are scheduled to vest on February 20, 2026, and both the restricted stock units and phantom stock will be 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 transactions, common across all publicly traded companies. It reflects a director's equity compensation and holdings, which is a standard practice in corporate governance to align management and director interests with shareholders.

Related Party Transactions

• The document details the acquisition of 47 phantom stock units by Olga Luz Tirado, a director of Orange County Bancorp, Inc., which represents a transaction between the company and a related party (an insider).

Stakeholder Impact

• Shareholders: The report indicates a director's continued equity stake and compensation structure, aligning their interests with long-term shareholder value.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• Vesting of 100% of restricted stock units on February 20, 2026.
• Settlement of restricted stock units and phantom stock in common shares upon the reporting person's separation from service as a director.

Key Dates

Keywords

Orange County Bancorp, OBT, SEC Form 4, Insider Trading, Director Holdings, Common Stock, Phantom Stock, Restricted Stock Units, Equity Compensation, Corporate Governance