Orange County Bancorp (OBT) Director Olga Tirado Receives Award

What Happened

• Olga Luz Tirado, a director of Orange County Bancorp (OBT), was granted a derivative award on 2026-09-15. The filing lists an acquisition-type transaction (code "A") of derivative securities priced at $38.78 per unit, but the number of units and the total value are shown as N/A. This is an award/grant of restricted/phantom stock rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-15; Form 4 filed 2026-09-16 (timely).
• Transaction type/code: Grant/Award (A) of derivative securities (not a direct stock purchase or sale).
• Price per unit reported: $38.78; shares/units acquired: N/A; total value: N/A.
• Shares owned after transaction: not reported in the supplied data.
• Footnotes: F1 = restricted stock units vest 100% on Feb 19, 2027 and are settled in shares upon separation from service. F2 = phantom stock equals the economic equivalent of one share and becomes payable upon separation as a director.
• No indication of a 10b5-1 plan, tax withholding sale, or late filing in the provided details.

Context

• These are derivative awards (RSUs/phantom stock) with deferred settlement/vesting; they do not represent immediate transfer of common shares to the director and therefore are not an immediate “buy” signal. Because the unit count and total value are listed as N/A, the filing does not reveal the grant’s size, limiting assessment of its financial significance.