HOLCOMBE GREGORY F 4

What Happened

• Gregory F. Holcombe, a director of Orange County Bancorp, received an award of derivative securities (reported as a grant/award) on 2026-03-16. The filing lists an acquisition price of $31.29 per share equivalent but does not disclose the number of units or a total dollar value. This was a derivative award (restricted/phantom stock units), not an open-market purchase or sale.

Key Details

• Transaction type: Award/Grant of derivative securities (code A).
• Transaction date and report filed: Transaction on 2026-03-16; Form 4 filed 2026-03-17 (appears timely).
• Price shown: $31.29 per share equivalent; number of units/shares acquired: N/A (not disclosed).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes in the filing:
  • F1: Includes restricted stock units that vest 100% as of the grant date and are settled in shares upon the director’s separation from service.
  • F2: Includes restricted stock units that vest 100% on Feb 19, 2027, and are settled in shares upon separation from service.
  • F3: Phantom stock units are economic equivalents of common shares and become payable upon the director’s separation from service.
• No indication this was a sale or purchase in the open market; this looks like a compensation-related equity award for a director.

Context

• Awards of restricted stock units or phantom stock are a common form of director compensation and do not necessarily signal immediate buying or selling intent. These derivative awards typically convert to actual shares or cash upon vesting or the director’s separation from service, per the footnotes.