Tirado Olga Luz 4

What Happened

• Olga Luz Tirado, a director of Orange County Bancorp, reported a derivative award on 2026-07-01. The Form 4 shows an award/other acquisition (Code A) with shares listed as N/A and a per-share amount of $37.46. The filing classifies the grant as a derivative instrument (not immediately issued common shares).

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-06.
• Transaction type: Award/Grant (Code A); derivative securities (no immediate shares issued).
• Price shown: $37.46 per share (value basis on the form); number of shares acquired: N/A (not reported on form).
• Shares owned after transaction: not disclosed on the filing.
• Footnotes: F1 = restricted stock units vesting 100% on Feb 19, 2027 and settled in shares upon the reporting person's separation from service; F2 = phantom stock units that are economically equivalent to common shares and payable upon separation as a director.
• Timeliness: The Form 4 was filed July 6 for a July 1 transaction, which is after the typical 2-business-day filing window for Form 4s.

Context

• This was an equity award/compensation grant (restricted stock units and phantom stock equivalents), not an open-market purchase or sale. Such awards generally do not transfer voting rights or common shares until vesting/settlement and are compensation-related rather than a direct market signal. The filing’s later date may simply reflect administrative delay but is outside the usual two-business-day reporting window.