Rooney Stephen 4

What Happened

• Stephen Rooney, SVP and Chief Credit Officer of Orange County Bancorp (OBT), had 133 shares disposed on March 10, 2026 to satisfy a tax liability (code F). The withholding was at $31.47 per share for a total value of approximately $4,186.
• This was a tax-withholding disposition (routine), not an open-market sale or new purchase.

Key Details

• Transaction date: 2026-03-10; Filing date: 2026-03-12 (timely filing).
• Price per share: $31.47; Shares withheld/disposed: 133; Total value: ~$4,186.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1–F3 indicate these shares relate to restricted stock units (RSUs) that vest at a rate of 1/3 per year with various commencement dates (March 11, 2024; March 21, 2025; March 20, 2026).
• Transaction code F = payment of exercise price or tax liability (shares withheld to cover taxes).

Context

• Tax-withholding dispositions are common when RSUs or option exercises generate a tax bill; companies often withhold shares to satisfy that obligation. These transactions are routine administrative actions and do not necessarily indicate insider sentiment about the stock.