Schiller Jon 4

What Happened

• Jon Schiller, a director of Orange County Bancorp, received an award classified as an acquisition (grant) of derivative equity on 2026-07-01. The filing lists a per-share price of $37.46 but does not state a specific number of shares/units or a total dollar value (shares shown as N/A).
• The award consists of restricted stock units that vest 100% on February 19, 2027 and phantom stock units that are payable upon Schiller's separation from service as a director (see footnotes below). This is a grant of compensation rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-06.
• Price listed on form: $37.46 per share/unit; number of units granted not specified in the filing (N/A).
• Shares/units owned after transaction: not specified on the Form 4.
• Footnotes:
  • F1: Includes restricted stock units that vest 100% on Feb 19, 2027 and are settled in shares upon separation from service.
  • F2: Phantom stock units are the economic equivalent of one share each and become payable upon the reporting person's separation as a director.
• Filing timeliness: the form reports a 2026-07-01 transaction and was filed on 2026-07-06 (five days later). Form 4s are generally required within two business days of a transaction; check the filing for any amendment or explanatory text.

Context

• These awards are a form of director compensation (deferred equity/phantom units). They do not represent an immediate cash purchase or sale on the open market and therefore do not directly signal buying or selling by the director.
• The awards convert to shares or cash only upon vesting or separation, so any eventual share issuance or sale would occur later and be reported separately.