Keane Kevin J 4

What Happened

• Kevin J. Keane, a director of Orange County Bancorp, received a derivative equity award (reported as type "A" — grant/award/acquisition) on March 16, 2026. The filing lists a reference price of $31.29 per share, but the number of shares/units is reported as N/A because these are derivative awards (restricted stock units and/or phantom stock) rather than immediate share purchases.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-17 (timely within SEC Form 4 rules).
• Price reference: $31.29 per share (used for valuation); quantity shown as N/A (derivative award).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes from the filing:
  • F1: Includes RSUs that vest 100% as of the grant date and are settled in common stock upon separation from service.
  • F2: Includes RSUs that vest 100% on Feb 19, 2027, and are settled in shares upon separation.
  • F3: Phantom stock units — each equals the economic value of one share and is payable upon the reporting person’s separation as a director.

Context

• These awards are derivative compensation (RSUs/phantom units), not open-market purchases or current sales. Some units are already vested but are payable only upon separation; others vest on a future date. Such grants are typically compensation-related and do not necessarily indicate an immediate change in insider sentiment about the stock.