Sousa Gregory 4

What Happened

• Gregory Sousa, EVP and Deputy Chief Legal Officer of Orange County Bancorp (OBT), was granted 5,056 shares (award/acquisition) on March 19, 2026 (reported as $0.00 per share). On the same date 1,307 shares were disposed as payment of exercise price or tax liability at $31.15 per share, totaling $40,713. The award appears to be restricted stock units (RSUs) and the share disposition reflects tax withholding rather than an open-market sale.

Key Details

• Transaction date(s): March 19, 2026; Form 4 filed March 23, 2026 (reporting period 2026-03-19).
• Award: 5,056 shares granted at $0.00 (code A).
• Tax/payment withholding: 1,307 shares disposed at $31.15 each for $40,713 (code F — tax withholding/payment).
• Shares owned after transaction: not specified in the provided data.
• Relevant footnotes: F1–F3 describe RSU vesting schedules (vesting 1/3 per year beginning in 2025–2027); F5 notes phantom stock interests under a Performance-Based SERP may be settled in shares; F4 refers to transactions not required to be reported under Section 16.
• Timeliness: Form filed March 23 for transactions on March 19; the filing notice here does not state whether any late-filing designation applies—investors can review the full SEC filing for timeliness details.

Context

• These entries reflect compensation-related equity (RSU award) and routine tax withholding (disposition of shares to satisfy tax obligations). This is not an open-market purchase or a deliberate cash sale by the insider. RSU grants and withheld shares are common for executive compensation; phantom SERP interests noted may be settled in shares later per plan elections.