Lesler Michael 4

4 · Orange County Bancorp, Inc. /DE/ · Filed Jun 17, 2026

AI-generated summary of this filing

Updated Jun 17, 2026

Orange County Bancorp (OBT) CFO Michael Lesler Receives Award

What Happened

Michael Lesler, Chief Financial Officer of Orange County Bancorp (OBT), received a derivative equity award reported on Form 4 dated 2026-06-15. The filing lists the award price/fair value as $35.35 per share, but does not disclose a specific number of shares acquired (reported as N/A). This was an award/grant (compensation), not an open-market purchase or sale.

Key Details

Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (timely filing).
Price/fair value noted: $35.35 per share. Number of shares acquired: N/A (derivative award/units).
Vesting/settlement notes: footnotes indicate restricted stock units vesting at 1/3 per year with commencement dates of 3/21/2025, 3/20/2026, and 3/19/2027 (see F1–F3). Additional phantom stock interests under a Performance‑Based SERP may be settled in shares upon distribution based on the reporting person’s election (F5).
Footnote F4 notes certain related transactions are not required to be reported under Section 16.
No post-transaction share total is shown on the provided information.

Context

This was a compensation grant of restricted/phantom units (a derivative award). Such awards do not immediately increase tradable shares unless and until they vest and are settled; they are not the same as an open-market purchase (which some investors view as a stronger bullish signal). The filing contains vesting and settlement terms that determine when and if these units convert to actual shares.

Form 4

Period: 2026-06-15

EVP, Chief Financial Officer

Transactions

Award
Phantom Stock
[F5]
2026-06-15$35.35/sh→ 2,532 total
→ Common Stock (13 underlying)

Holdings

Footnotes (5)

[F1]Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 21, 2025.
[F2]Includes restricted stock units which vest at a rate of 1/3 per year commencing on March 20, 2026.
[F3]Restricted stock units which vest at a rate of 1/3 per year commencing on March 19, 2027.
[F4]Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
[F5]Represents deemed investments in connection with the Performance-Based SERP. Phantom stock interests under the Performance-Based SERP may be settled in shares of Company stock upon distribution to the reporting person, based on their prior election.

Signature

/s/ Jennifer Staub, pursuant to power of attorney|2026-06-16

1 file