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

Director Jon Schiller reports acquisition of phantom stock and holdings of common stock in Orange County Bancorp, Inc.

Summary

• On March 17, 2025, Jon Schiller, a director of Orange County Bancorp, Inc., reported a transaction involving phantom stock.
• Schiller acquired phantom stock equivalent to 4 shares of common stock at a price of $24.18 per share.
• Schiller directly owns 5,995 shares of common stock.
• Schiller also holds restricted stock units which vest 100% on February 20, 2026, and are settled in shares of Issuer common stock upon separation from service of the reporting person.
• The phantom stock becomes payable upon Schiller's separation of service as a director.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Form 4, Orange County Bancorp, Director, Jon Schiller, Phantom Stock, Beneficial Ownership, OBT