Orange County Bancorp (OBT) Director Kevin Keane Receives Award

What Happened

• Kevin J. Keane, a director of Orange County Bancorp, received a grant/award of equity-based compensation reported on Form 4 for 2026-09-15. The filing lists the transaction as a derivative award (code A) tied to a per-share value of $38.78, but the number of shares issued/acquired is shown as N/A and total value is not specified.

Key Details

• Transaction date: 2026-09-15; Form 4 filed 2026-09-16 (timely).
• Transaction type: Grant / award of derivative equity (reported as "A").
• Reported price per share: $38.78; share count and aggregate dollar amount not disclosed in the filing.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: Some restricted stock units (RSUs) vest 100% as of the grant date but are settled in shares only upon the reporting person’s separation from service.
  • F2: Some RSUs vest 100% on February 19, 2027 and are settled in shares upon separation from service.
  • F3: Phantom stock units are economic equivalents of common shares and become payable upon the director’s separation of service.
• Filing timeliness: Filed promptly (no late filing indicated).

Context

• This is an award/grant, not a market purchase or sale. RSUs and phantom stock typically provide future economic value tied to the company’s stock but often convert to actual shares or cash only upon vesting or separation events. Because share counts and total value were not provided, the filing signals compensation alignment with the company but does not quantify the economic impact.