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Orange County Bancorp, Inc. /DE/·4

Feb 23, 4:01 PM ET

HOLCOMBE GREGORY F 4

Research Summary

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OBT Director Gregory Holcombe Receives Award, Surrenders 995 Shares

What Happened

Gregory F. Holcombe, a director of Orange County Bancorp, received an award of 866 shares on February 19, 2026 (recorded at $0, indicating a grant/RSU award). The next day (Feb 20, 2026) the filing reports a disposition to the issuer of 995 shares (price N/A) and a separate derivative award/recording on Feb 20 (no share count or price disclosed). The initial award is recorded as an acquisition (A) and the Feb 20 transfer to the issuer is a disposition (D), not an open-market sale.

Key Details

  • Transaction dates: Grant/acquisition 2026-02-19 (866 shares @ $0); disposition to issuer 2026-02-20 (995 shares, price N/A); additional derivative entry 2026-02-20 (no shares/price disclosed).
  • Shares owned after the transactions: not specified in the excerpted filing.
  • Footnotes in the filing indicate these are restricted stock units (RSUs) and/or phantom stock that generally vest and settle in common shares upon the reporting person’s separation from service:
    • F1: RSUs vest 100% as of grant and settle in shares on separation.
    • F2: RSUs vested 100% on Feb 20, 2026 and were deferred into the company’s Stock-Based Deferral Plan; they will settle in shares on separation.
    • F3: Phantom stock equals the economic value of one share and pays out on separation as a director.
    • F4: RSUs vest 100% on Feb 19, 2027 and settle on separation.
  • The Feb 23, 2026 filing date is four days after the Feb 19 transaction; Form 4s are typically due within two business days, so this filing may be tardy (check the full filing for any tardiness notation).

Context

  • These entries look like compensation-related awards (RSUs/phantom stock) and a non-market disposition to the issuer (commonly used to satisfy tax withholding or other plan requirements). Such transactions are not the same as open-market buys or sells and do not necessarily indicate immediate trading or sentiment.
  • Derivative awards (RSUs/phantom stock) generally settle in shares upon separation from service and are not immediately tradable stock purchases.