Lesler Michael 4
4 · Orange County Bancorp, Inc. /DE/ · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Orange County Bancorp (OBT) CFO Michael Lesler Sells 271 Shares
What Happened
- Michael Lesler, Chief Financial Officer of Orange County Bancorp (OBT), had 271 shares disposed/withheld to cover an exercise price or tax liability on March 10, 2026. The shares were valued at $31.47 each, for a total of $8,528. This was a tax/withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date and price: March 10, 2026 — 271 shares at $31.47 each (total $8,528).
- Transaction type: Code F — payment of exercise price or tax liability (shares withheld/disposed).
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes in the filing: references to restricted stock units vesting schedules (vesting in 1/3 increments starting in 2024, 2025, 2026) and phantom stock interests under a Performance-Based SERP that may be settled in shares.
- Filing date: March 12, 2026 (reporting the March 10 transaction).
Context
- This was a tax-withholding/cashless-style disposition to cover obligations from an equity award or option, not a voluntary open-market sale. Such withholdings are routine administrative actions and do not necessarily indicate the insider’s view on the company’s stock.
Insider Transaction Report
Form 4
Lesler Michael
EVP, Chief Financial Officer
Transactions
- Tax Payment
Common Stock
[F1][F2][F3]2026-03-10$31.47/sh−271$8,528→ 12,334 total
Holdings
- 1,550(indirect: By 401(k))
Common Stock
[F4] - 2,000(indirect: By IRA)
Common Stock
- 2,504
Phantom Stock
[F5]→ Common Stock (2,504 underlying)
Footnotes (5)
- [F1]Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 11, 2024.
- [F2]Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 21, 2025.
- [F3]Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 20, 2026.
- [F4]Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- [F5]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.
Signature
/s/ Jennifer Staub, pursuant to power of attorney|2026-03-12