Keane Kevin J 4

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Orange County Bancorp (OBT) Director Kevin Keane Receives Award

What Happened

  • Kevin J. Keane, a director of Orange County Bancorp, reported receipt of 866 shares as an award on 2026-02-19 (grant price $0.00). The filing also shows a disposition of 995 shares to the issuer on 2026-02-20 and an additional derivative award reported 2026-02-20 (share count/price N/A).
  • The grant on 2/19 was recorded at $0.00 (no cash purchase). The 995-share disposition to the issuer is recorded without a per-share price (N/A) in the filing.

Key Details

  • Transaction dates: 2026-02-19 (award of 866 shares), 2026-02-20 (disposition of 995 shares; additional derivative award reported).
  • Prices: Award listed at $0.00; dispositions and derivative award show N/A for price.
  • Shares owned after transaction: not specified in the filing summary provided.
  • Filing date: Form 4 filed 2026-02-23 reporting transactions dated 2/19–2/20.
  • Footnotes: awards include restricted stock units (RSUs) that vest 100% (some were deferred into the company’s Stock-Based Deferral Plan), phantom stock units that are economic equivalents of common shares, and other RSUs that vest on future dates and generally settle in shares upon separation from service.

Context

  • The combination of an RSU grant and a near-term surrender of shares to the issuer is commonly seen when vested awards are partially surrendered to cover tax withholding or plan-related deferrals; the filing notes deferral and settlement-on-separation provisions. These entries are awards/plan-related actions rather than open-market buys or sales by the director.