Lesler Michael 4
4 · Orange County Bancorp, Inc. /DE/ · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Orange County Bancorp (OBT) CFO Michael Lesler Receives RSU Award
What Happened
Michael Lesler, Chief Financial Officer of Orange County Bancorp (OBT), was reported as receiving a derivative equity award on 2026-02-19. The filing lists an acquisition-type transaction (award/grant) with a per-share value of $28.38, but the number of shares/units acquired is not specified (reported as N/A). This is an award of restricted/phantom stock units (not an open-market purchase or sale) and represents a compensation/benefit event rather than an immediate buy or sell.
Key Details
- Transaction date: 2026-02-19; Filing date: 2026-02-23 (report shows the period ended 2026-02-19).
- Price/value reported: $28.38 per share (share count not reported — N/A).
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note: filing references restricted stock units that vest 1/3 per year (vesting commencement dates shown in footnotes: 12/23/2023; 3/11/2024; 3/21/2025; 3/20/2026). Another footnote indicates phantom stock interests under a Performance‑Based SERP that may be settled in shares upon distribution.
- Filing specifics: this is an award (transaction code A); no sale or purchase was reported. The filing does not state late filing status.
Context
This was an equity award (RSUs/phantom units) that typically vest over time and are not immediately tradable shares — they represent future economic interest and may convert to shares when vested or distributed. Awards and tax-withholding events are common executive compensation actions and do not by themselves indicate an insider buying or selling on market sentiment. Watch future Form 4s for vesting-related share issuances or any subsequent open-market transactions.
Insider Transaction Report
- Award
Phantom Stock
[F6]2026-02-19$28.38/sh→ 2,504 total→ Common Stock (1,234 underlying)
- 12,605
Common Stock
[F1][F2][F3][F4] - 1,401(indirect: By 401(k))
Common Stock
[F5] - 2,000(indirect: By IRA)
Common Stock
Footnotes (6)
- [F1]Includes restricted stock units which vest at a rate of 1/3 per year commencing on December 23, 2023.
- [F2]Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 11, 2024.
- [F3]Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 21, 2025.
- [F4]Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 20, 2026.
- [F5]Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- [F6]Represents deemed investments in connection with the Performance-Based SERP. Phantom stock interests under the Performance-Based SERP may be settled in shares of Company stock upon distribution to the reporting person, based on their prior election.