HOLCOMBE GREGORY F 4

What Happened
Gregory F. Holcombe, a director of Orange County Bancorp, reported an award (Form 4 code A) dated 2026-04-01. The filing lists a per-share valuation of $32.32 for the grant, but the report shows "N/A" for the number of shares acquired because the transaction involves derivative awards (restricted stock units and phantom stock) rather than an immediate issuance of common shares.

Key Details

• Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (timely; Form 4 is generally due within 2 business days).
• Transaction type: Grant / award (derivative) — coded "A" on the Form 4.
• Per-share value listed: $32.32; number of shares acquired: N/A (derivative award).
• Shares owned after transaction: not specified on the filing.
• Footnotes on vesting/settlement:
  • F1: RSUs vest 100% as of grant date and are settled in common stock upon the reporting person's separation from service.
  • F2: RSUs vest 100% on Feb 19, 2027, and are settled in common stock upon separation.
  • F3: Phantom stock equals the economic value of one share each and is payable upon separation as a director.
• No indication of a 10b5-1 sale plan, tax withholding sale, or late filing on the Form 4.

Context
This was an award of derivative equity (RSUs and phantom stock) rather than an open-market purchase or sale. Such awards represent potential future value tied to the company's stock price and typically vest or pay out under specific conditions (here, vesting dates and/or separation from service). Because the number of units granted isn't reported as shares in the filing, the immediate impact on share count or Holcombe's current beneficial ownership is not determinable from this Form 4 alone.