Tirado Olga Luz 4

What Happened

• Olga Luz Tirado, a director of Orange County Bancorp, was granted 866 shares (transaction code A — award/grant) on February 19, 2026. The shares were recorded at $0.00 acquisition price (award/RSU/phantom stock), so there was no cash outlay by the insider.

Key Details

• Transaction date: 2026-02-19; Filing date: 2026-02-23 (filed after the transaction — outside the typical 2-business-day Form 4 deadline).
• Grant amount and price: 866 shares acquired at $0.00 (award/grant).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes of the filing:
  • F1: Some restricted stock units vest 100% on Feb 20, 2026 and are settled in common stock upon the reporting person’s separation from service.
  • F2: Phantom stock included is the economic equivalent of common shares and becomes payable upon the reporting person's separation as a director.
  • F3: Some restricted stock units vest 100% on Feb 19, 2027 and are settled in common stock upon separation from service.

Context

• This was an award/grant (not an open-market purchase or sale). Awards of RSUs or phantom stock are common forms of director compensation and do not necessarily signal the director buying or selling shares in the market.
• The award appears structured to vest or be payable on separation (or on specific future vesting dates), so the shares may not be immediately tradable. The filing was submitted a few days after the transaction date, which is later than the standard Form 4 reporting window.