Tirado Olga Luz 4

What Happened
Olga Luz Tirado, a director of Orange County Bancorp, received a grant classified as an award/other acquisition (transaction code A) on 2026-04-01. The filing reports a per-share value of $32.32 but does not list a specific number of shares (amount reported as N/A) because these are derivative awards (restricted stock units and phantom stock) rather than immediate share issuances.

Key Details

• Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (appears timely).
• Transaction type: Award/Grant (code A); reported as a derivative acquisition (amount N/A).
• Per-share value reported: $32.32 (used for reporting, not a cash purchase).
• Shares owned after transaction: not specified on the Form 4.
• Footnote F1: Includes restricted stock units vesting 100% on Feb 19, 2027, and settled in shares upon separation from the reporting person’s service.
• Footnote F2: Phantom stock units are economic equivalents of common stock and become payable upon the reporting person’s separation from service as a director.

Context
This is a compensation-style award (not an open-market buy or sale). Because these are RSUs/phantom stock tied to future vesting or separation, they do not represent immediate share purchases or sales and should be viewed as director compensation rather than an immediate bullish or bearish trading signal.