Lesler Michael 4

What Happened

• Michael Lesler, Chief Financial Officer of Orange County Bancorp (OBT), had 271 shares disposed/withheld to cover an exercise price or tax liability on March 10, 2026. The shares were valued at $31.47 each, for a total of $8,528. This was a tax/withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: March 10, 2026 — 271 shares at $31.47 each (total $8,528).
• Transaction type: Code F — payment of exercise price or tax liability (shares withheld/disposed).
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes in the filing: references to restricted stock units vesting schedules (vesting in 1/3 increments starting in 2024, 2025, 2026) and phantom stock interests under a Performance-Based SERP that may be settled in shares.
• Filing date: March 12, 2026 (reporting the March 10 transaction).

Context

• This was a tax-withholding/cashless-style disposition to cover obligations from an equity award or option, not a voluntary open-market sale. Such withholdings are routine administrative actions and do not necessarily indicate the insider’s view on the company’s stock.