Kennedy Marianna R 4

What Happened

• Marianna R. Kennedy, a director of Orange County Bancorp, was granted a derivative award reported on Form 4 for the period 2026-03-16 (filed 2026-03-17). The filing lists an acquisition-type transaction (code A) with a per-share reference price of $31.29. The report does not show a specific number of shares acquired (listed as N/A) or a total dollar value.
• This was an award/grant (director compensation), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-17 (timely).
• Transaction code: A (award/grant/other acquisition, derivative).
• Price/reference: $31.29 per share (used as a reference in the filing).
• Shares reported as acquired: N/A (derivative instrument; no immediate share count reported).
• Shares owned after transaction: not specified in the available filing.
• Relevant footnotes:
  • F1: Includes RSUs that vest 100% as of the grant date and are settled in common stock upon the reporting person’s separation from service.
  • F2: Includes RSUs that vest 100% on Feb 19, 2027, and are settled in common stock upon separation from service.
  • F3: Phantom stock equals one share economically and becomes payable upon the director’s separation of service.

Context

• These are derivative/compensation awards (restricted stock units and phantom stock) tied to future settlement or separation events; they do not represent an immediate purchase or sale of common stock. Such grants are a routine form of director compensation and do not, by themselves, indicate a buy/sell signal.