Tirado Olga Luz 4/A

What Happened
Olga Luz Tirado, a director of Orange County Bancorp, reported a grant/award (derivative) dated 2026-01-02. The filing lists the award with a per-share value of $28.35 but shows "N/A" for the number of shares acquired — the award consists of restricted stock units and phantom stock rather than an immediate share issuance. This is an award (not a market purchase or sale) and does not necessarily signal buying or selling activity.

Key Details

• Transaction date: 2026-01-02 (Report amended and filed 2026-07-06). The amendment indicates the original report was changed or updated.
• Transaction type/code: Grant/Award (A) — derivative award.
• Price/value: $28.35 per share listed; number of shares reported as N/A in this filing.
• Shares owned after transaction: Not reported in this filing.
• Footnotes:
  • F1: Includes restricted stock units that vest 100% on February 20, 2026 and are settled in shares of common stock upon the reporting person’s separation from service.
  • F2: Phantom stock is the economic equivalent of one share of common stock and becomes payable upon the reporting person’s separation of service as a director.
• Timeliness: This is an amended filing submitted on 2026-07-06 for a 2026-01-02 transaction, so the original report was adjusted/updated after the transaction date.

Context
Restricted stock units (RSUs) and phantom stock are derivative awards that typically convert to cash or shares only upon vesting or separation of service. Because the award vests or pays out based on future events (vesting date or separation), it differs from an outright purchase or sale and should be interpreted as a compensation/retention action rather than an immediate trading signal. The amendment suggests corrections or added details were filed after the original Form 4.