Morrison William D 4

What Happened

• William D. Morrison, a director of Orange County Bancorp, was granted equity-based awards (reported as a derivative acquisition/award) on 2026-03-16. The filing lists a per-share/pricing reference of $31.29 but does not disclose the number of units in the excerpt provided. The award consists of restricted stock units (RSUs) and phantom stock (economic equivalents of common shares) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-17 (timely within reporting window).
• Reported price reference: $31.29 per share; number of units/shares acquired: not specified in the provided filing excerpt.
• Shares owned after transaction: not disclosed in the provided excerpt.
• Footnotes from the filing:
  • F1: Some RSUs vest 100% as of the grant date and convert to shares upon the director’s separation from service.
  • F2: Some RSUs vest 100% on February 19, 2027, and convert to shares upon separation from service.
  • F3: Phantom stock units are economic equivalents of one share each and pay out upon separation as a director.
• No evidence of a 10b5-1 plan, sale, purchase, or tax-withholding disposition is included in the excerpt.

Context

• These awards are compensation/retention measures (RSUs and phantom stock) and are not direct purchases or sales of common stock; they generally do not indicate an immediate bullish or bearish trade by the insider. Vesting and settlement occur on the dates or upon separation described in the footnotes, meaning the economic or voting interest may not change until those events.