Tirado Olga Luz 4/A
4/A · Orange County Bancorp, Inc. /DE/ · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
Orange County Bancorp (OBT) Director Olga Tirado Receives Award
What Happened
Olga Luz Tirado, a director of Orange County Bancorp, received a director compensation award reported as a derivative grant on June 15, 2026. The award is reported at $35.35 per share-equivalent, but the filing shows "N/A" for the number of shares acquired (derivative units), so no immediate share count or total dollar amount is provided. This is a grant/award (not an open-market purchase or sale).
Key Details
- Transaction date: June 15, 2026; amended Form 4 filed July 6, 2026. (Amended filing may indicate a correction; note Form 4s are normally due within 2 business days of the transaction.)
- Transaction type: A = Award/Grant (derivative securities: restricted stock units and phantom stock).
- Price/reference: $35.35 per share-equivalent reported; number of units shown as N/A (no immediate shares issued).
- Shares owned after transaction: Not reported on this amendment.
- Footnotes:
- F1: Includes restricted stock units (RSUs) that vest 100% on February 19, 2027 and are settled in shares of common stock upon the reporting person’s separation from service.
- F2: Phantom stock units are the economic equivalent of one share each and become payable upon the reporting person’s separation from service as a director.
Context
This was a derivative compensation award for a director — RSUs and phantom stock are not immediately tradable shares and generally convert to cash or stock upon vesting or separation. Such awards are routine director compensation and should not be read as an immediate buy/sell signal. The filing is an amendment for a June 15 transaction filed July 6; check original filings if you need to confirm timeliness or prior disclosures.
Insider Transaction Report
- Award
Phantom Stock
[F2]2026-06-15$35.35/sh→ 284 total→ Common Stock (2 underlying)
- 2,963
Common Stock
[F1]
Footnotes (2)
- [F1]Includes restricted stock units which vest 100% on February 19, 2027, and are settled in shares of Issuer common stock upon separation from service of the reporting person.
- [F2]Each share of 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.