Kennedy Marianna R 4

What Happened

• Marianna R. Kennedy, a director of Orange County Bancorp (OBT), received an award on Feb 19, 2026: 866 restricted stock units (RSUs) reported at $0.00. The filing also shows a disposition of 995 shares to the issuer on Feb 20, 2026 (no price reported), and an additional derivative award reported on Feb 20 with no share count/price disclosed.
• The 866-unit entry is an award/grant (not a cash purchase). The 995-share disposition to the issuer is commonly used for tax withholding or net settlement when stock awards vest; the filing does not state the cash value exchanged.

Key Details

• Transaction dates and prices:
  • 2026-02-19: Grant — 866 RSUs @ $0.00 (Acquired)
  • 2026-02-20: Disposition to issuer — 995 shares @ N/A (Disposed)
  • 2026-02-20: Grant (derivative) — N/A shares @ N/A (Acquired)
• Shares owned after the transactions: not disclosed in the provided filing details.
• Notable footnotes from the filing:
  • F1: Some RSUs vest 100% as of grant and settle in shares upon separation from service.
  • F2: Certain RSUs vest 100% on Feb 20, 2026 and were deferred into the company’s Stock-Based Deferral Plan; they will settle in common stock upon separation.
  • F3: Phantom stock described as economically equivalent to one share, payable on separation of service.
  • F4: Some RSUs vest 100% on Feb 19, 2027 and settle in shares upon separation.
• Filing timeliness: Report filed Feb 23, 2026 for transactions on Feb 19–20, 2026 — within the typical two-business-day Form 4 window (not marked late).

Context

• This filing primarily documents awards and a related surrender of shares to the issuer (often used for tax withholding). Awards and deferred/phantom stock are not cash purchases and do not necessarily indicate buying or selling sentiment. No executive option exercises or open-market purchases/sales were reported in these entries.