Tirado Olga Luz 4

What Happened

• Olga Luz Tirado, a director of Orange County Bancorp, was granted a derivative compensation award on March 16, 2026. The Form 4 reports an award/acquisition (code A) with a per-share value of $31.29, but the number of units/shares granted is listed as N/A and no total dollar amount is provided.
• This was a compensation grant (restricted stock units and phantom stock), not an open-market purchase or sale. There was no exercise or sale of existing shares reported.

Key Details

• Transaction date: 2026-03-16; reported on Form 4 filed 2026-03-17 (timely filing within the usual 2-business-day window).
• Price/value: $31.29 per share/unit shown in the filing.
• Shares acquired: N/A (number of RSUs/phantom shares not disclosed); total value not stated.
• Shares owned after transaction: not disclosed in the filing.
• Footnotes:
  • F1: Includes restricted stock units that vest 100% on February 19, 2027 and are settled in common stock upon the reporting person's separation from service.
  • F2: Phantom stock units are economic equivalents of common shares and become payable upon the reporting person's separation from service.
• No 10b5-1 plan, tax-withholding, or late-filing flags were indicated in the provided details.

Context

• RSUs and phantom stock are derivative/compensation awards. RSUs typically convert into actual shares upon vesting (or upon separation as noted here); phantom stock provides economic exposure and is paid out on separation. These awards are standard director compensation and do not represent an immediate market buy or sell.