Keane Kevin J 4

What Happened Kevin J. Keane, a director of Orange County Bancorp, received a stock-based award (reported as a derivative grant) on April 1, 2026. The Form 4 lists the transaction as an award/acquisition with a reported per-share amount of $32.32, but the number of units/shares granted is marked "N/A," so the aggregate dollar value is not disclosed. This was an award of restricted/phantom stock units rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (within the typical two-business-day filing window).
• Reported per-share amount: $32.32; number of units/shares granted: N/A (not disclosed), so total value not provided.
• Shares owned following the transaction: not specified 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 separation from service.
  • F2: Includes restricted stock units that vest 100% on Feb 19, 2027, settled in shares upon separation.
  • F3: Phantom stock units are economic equivalents of common shares and become payable upon separation of service as a director.

Context This award is a compensation grant to a board director (common practice) and is recorded as a derivative grant (RSUs/phantom stock) rather than an immediate purchase of shares. Because the filing does not disclose the number of units, investors cannot calculate the award’s total value from this filing alone. Such awards typically vest or pay out under specified conditions and do not necessarily indicate the insider’s market view.