Rouis Jonathan F 4

What Happened

• Jonathan F. Rouis, a director of Orange County Bancorp, Inc. (OBT), was granted derivative awards (restricted stock units and phantom stock) on 2026-03-16. The filing lists a per-share figure of $31.29 but the number of shares awarded and total value are reported as N/A. This was an award/grant (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-03-16; Form 4 filed 2026-03-17 (filed the next day).
• Transaction type: A (grant/award) — reported as a derivative award; per-share price shown $31.29; shares acquired: N/A (not specified); total value: N/A.
• Shares owned after transaction: not reported in the provided data.
• Footnotes of note:
  • F1: RSUs that vest 100% as of the grant date but are settled in shares upon the reporting person's separation from service.
  • F2: RSUs that vest 100% on Feb 19, 2027 and settle in shares upon separation.
  • F3: Phantom stock units equal the economic equivalent of one common share and are payable upon separation from service.
• Timeliness: Filing appears timely (filed one day after the report date).

Context

• These awards are compensation-style grants (restricted stock units and phantom stock). They are derivative/deferred arrangements that typically do not reflect an immediate buy or sell in the open market. Because some units vest immediately but are only payable on separation, this grant functions as deferred compensation rather than immediate share delivery.