Orange County Bancorp (OBT) Director Olga Luz Tirado Receives Phantom Stock Award

What Happened

• Olga Luz Tirado, a director of Orange County Bancorp, was granted a derivative award of phantom stock on 2026-04-01. The filing lists a per-share reference price of $32.32, but the number of phantom shares granted is reported as N/A, so a total dollar value cannot be determined. This is an award (not an open-market buy or sale).

Key Details

• Transaction date: 2026-04-01 (Period of report: 2026-04-01); this Form 4 is an amended filing.
• Transaction type/code: Award/Grant (A) — derivative phantom stock.
• Price shown: $32.32 per share (used as reference); shares acquired: N/A (not specified).
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: F1/F2 state each phantom share equals the economic equivalent of one common share and becomes payable upon the reporting person's separation of service as a director.
• No 10b5-1 plan, tax-withholding, or exercise/sale details are reported in this filing.

Context

• Phantom stock is a deferred/derivative compensation vehicle that tracks the value of common shares and typically pays out in cash (or stock) when the director leaves service; it is not an immediate purchase of company stock and does not represent an open‑market bullish or bearish trade. The amended Form 4 corrects or updates the originally reported information but does not disclose the number of units granted.