Gregory Sousa - 15 May 2024 Form 4 Insider Report for Orange County Bancorp, Inc. /DE/ (OBT)

Role
EVP and Deputy CLO
Signature
/s/ Jennifer Staub, pursuant to power of attorney
Issuer symbol
OBT
Transactions as of
15 May 2024
Net transactions value
-$31,416
Form type
4
Filing time
17 May 2024, 16:01:13 UTC
Previous filing
14 May 2024
Next filing
17 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OBT Common Stock Sale $10,395 -210 -3.8% $49.50 5,347 15 May 2024 Direct F1, F2, F3, F4
transaction OBT Common Stock Sale $21,021 -429 -8% $49.00 4,918 15 May 2024 Direct F1, F2, F3, F4
holding OBT Common Stock 1,530 15 May 2024 By 401(k) F5

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 1,174 15 May 2024 Common Stock 1,174 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes restricted stock units which vest at a rate of 1/3 per year commencing on September 21, 2022.
F2 Includes restricted stock units which vest at a rate of 1/3 per year commencing on February 15, 2023.
F3 Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 11, 2024.
F4 Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 21, 2025.
F5 Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
F6 Represents deemed investments in connection with the Performance-Based SERP. Phantom stock interests under the Performance-Based SERP may be settled in shares of Company stock upon distribution to the reporting person, based on their prior election.