Orange County Bancorp (OBT) Director Marianna R. Kennedy Receives Award

What Happened

• Marianna R. Kennedy, a director of Orange County Bancorp, received a grant of derivative awards (reported as an "award/acquisition" of derivative securities) on 2026-09-15. The filing lists a price/value of $38.78 per share but shows the number of units as N/A, so total shares and aggregate value are not disclosed. This was an award (compensation), not an open-market buy or sale.

Key Details

• Transaction date: 2026-09-15; Form 4 filed: 2026-09-16 (timely).
• Reported price/value: $38.78 per share; number of units acquired: N/A (derivative).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes from the filing:
  • F1: Includes restricted stock units (RSUs) that vest 100% as of grant date and will be settled in common stock upon separation from service.
  • F2: Includes RSUs that vest 100% on Feb 19, 2027, and are settled in common stock upon separation from service.
  • F3: Phantom stock — each unit equals one share economically and becomes payable upon the director’s separation of service.
• Transaction code: A = Award/Grant (derivative). No indication of a 10b5-1 plan or tax-withholding sale in this filing.

Context

• Director awards like RSUs or phantom stock are common forms of compensation and often vest or pay out upon continued service or separation; they do not necessarily indicate immediate buying or selling of shares. Because unit counts and total value are not disclosed here, this filing confirms a grant but does not reveal its size or immediate impact on insider ownership.