Michael J. Gilfeather - Feb 15, 2023 Form 4 Insider Report for Orange County Bancorp, Inc. /DE/ (OBT)

Role
President and CEO, Director
Signature
/s/ Jennifer Staub, pursuant to power of attorney
Stock symbol
OBT
Transactions as of
Feb 15, 2023
Transactions value $
-$67,070
Form type
4
Date filed
2/17/2023, 03:44 PM
Previous filing
Nov 3, 2023
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OBT Common Stock Tax liability -$67.1K -1.26K -4.12% $53.40 29.2K Feb 15, 2023 Direct F1, F2, F3, F4
holding OBT Common Stock 7.7K Feb 15, 2023 By IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding OBT Phantom Stock 3.61K Feb 15, 2023 Common Stock 3.61K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares of restricted stock which vest at a rate of 1/3 per year on February 21, 2021, February 15, 2022 and February 15, 2023.
F2 Includes shares of restricted stock which vest at a rate of 1/3 per year commencing on February 15, 2022.
F3 Includes restricted stock units which vest at a rate of 1/3 per year commencing on September 21, 2022.
F4 Includes restricted stock units which vest at a rate of 1/3 per year commencing on February 15, 2023.
F5 Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable upon the reporting person's separation of service as an executive and the reporting person reaches the age of 65.