Rowley Richard B 4

What Happened
Richard B. Rowley, a director of Orange County Bancorp, was granted derivative equity awards (reported as transaction code A) on March 16, 2026. The filing shows a per-share grant price of $31.29 but lists the number of shares and total value as N/A. The awards include restricted stock units (RSUs) and phantom stock rather than immediately issued common shares.

Key Details

• Transaction date: 2026-03-16; reported on Form 4 filed 2026-03-17 (timely filing).
• Reported transaction type: A = Award/Grant (derivative securities).
• Price per share shown on the filing: $31.29. Total shares and aggregate value: listed as N/A.
• Shares owned after the transaction: not specified in the filing.
• Footnotes explain the award composition:
  • F1: RSUs that vest 100% as of the grant date but are settled in common stock only upon the reporting person's separation from service.
  • F2: RSUs that vest 100% on February 19, 2027 and are settled in common stock upon separation from service.
  • F3: Phantom stock (economic equivalent to one share each) payable upon the reporting person's separation as a director.
• No indication of a 10b5-1 plan, tax withholding sale, or late filing in this report.

Context
This was a compensation grant (not a purchase or sale). Because these are derivative awards (RSUs and phantom stock) that are settled or payable upon separation, they do not represent immediate share purchases or sales and do not necessarily signal a near-term change in the insider's trading stance. The filing shows a grant-date per-share price but does not report the number of units or total dollar value.