HOLCOMBE GREGORY F 4

What Happened
Gregory F. Holcombe, a director of Orange County Bancorp, received a grant/award of derivative units on 2026-06-15. The Form 4 reports the award as "N/A" shares at a price of $35.35 (derivative instrument), indicating restricted stock units (RSUs) and phantom stock rather than an open‑market purchase or sale. No immediate shares were delivered or sold in this transaction.

Key Details

• Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (timely — within the usual 2‑business‑day window).
• Reported price: $35.35 (derivative reporting figure); share count reported as N/A in the transaction line.
• Shares owned after transaction: not specified in the summary provided.
• Footnotes from the filing:
  • F1: RSUs vest 100% as of the date of grant and are settled in shares upon the reporting person’s separation from service.
  • F2: RSUs vest 100% on 2027-02-19 and are settled in shares upon separation from service.
  • F3: Phantom stock equals the economic value of one share each and becomes payable upon the director’s separation of service.
• No 10b5-1 plan, tax‑withholding sale, or gift code noted in the provided details.

Context
This was a compensation-style award (RSUs and phantom stock), not an open‑market purchase or sale. Such derivative awards typically do not transfer tradable shares immediately — they vest or pay out later (often upon separation or a specified vesting date). For retail investors, these grants indicate executive/director compensation practices but are not direct signals of immediate insider buying or selling.