Lesler Michael 4

What Happened
Michael Lesler, Chief Financial Officer of Orange County Bancorp, was granted 5,059 restricted stock units (RSUs) on March 19, 2026 (reported as an award, code A). On the same date 1,177 shares were disposed of to cover taxes or exercise price withholding (code F) at $31.15 per share, reported value $36,664. The award shows a $0.00 acquisition price typical for RSUs.

Key Details

• Transaction date: March 19, 2026; Form 4 filed March 23, 2026 (timely filing).
• Grant: 5,059 RSUs (acquired at $0.00).
• Withholding/disposition: 1,177 shares disposed @ $31.15, reported value $36,664 (tax withholding/payment).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: filing notes RSU vesting schedules (vest 1/3 per year starting on various March dates) and references to Performance‑Based SERP phantom stock that may be settled in shares upon distribution.
• Transaction codes explained: A = award/grant; F = payment of exercise price or tax liability (share withholding).

Context
This transaction is primarily an equity award (RSUs) with a contemporaneous share withholding to satisfy tax obligations — a routine administrative outcome rather than an open‑market sale or deliberate cashing‑out signal. RSUs vest over time (as noted in the footnotes), so the 5,059 shares are subject to future vesting schedules and not all immediately liquid.