Kennedy Marianna R 4

What Happened

• Marianna R. Kennedy, a director of Orange County Bancorp, was granted a derivative equity award on June 15, 2026 (reported on Form 4). The filing lists the grant as an award/acquisition (code A) at a price of $35.35 per share-equivalent, but the number of shares/units granted is reported as N/A. Because this is an award (not a market purchase or sale), it generally reflects compensation rather than an open-market trading signal.

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (filed within the typical 2-business-day reporting window).
• Transaction type/code: A (Grant/Award) — recorded as a derivative award (not an immediate purchase of common stock).
• Price listed: $35.35 per share-equivalent; number of shares/units granted: N/A (not disclosed in the filing).
• Shares owned after transaction: not disclosed in this filing.
• Footnotes included in the filing:
  • F1: Includes restricted stock units (RSUs) that vest 100% as of the grant date and are settled in Issuer common stock upon separation from service.
  • F2: Includes RSUs that vest 100% on February 19, 2027, and are settled in common stock upon separation from service.
  • F3: Phantom stock — each unit equals one share economically and becomes payable upon the reporting person's separation from service as a director.

Context

• Awards and RSUs are commonly used as director compensation and do not necessarily indicate buying or selling sentiment; settlement may occur on a vesting schedule or upon leaving the board.
• Because the filing shows a derivative award and the share count is not disclosed, investors cannot calculate the dollar value of the grant from this Form 4 alone.