Orange County Bancorp: director Olga Luz Tirado received N/A shares

What happened Tirado Olga Luz, a director, received a derivative grant (transaction code A) on Oct 1, 2026. The Form 4 shows N/A shares at $37.19 per share and classifies the transaction as a derivative award. Footnotes describe restricted stock units and phantom stock tied to separation from service.

Key details

• Transaction date and price: Oct 1, 2026; $37.19 per share.
• Transaction type: Grant, award or other acquisition (A); derivative security.
• Shares acquired: reported as N/A.
• Shares owned after the transaction: not reported in the filing.
• Footnotes: F1 includes restricted stock units that vest 100% on Feb 19, 2027, and are settled in shares of issuer common stock upon separation from service; F2 states each phantom stock is the economic equivalent of one share of common stock and becomes payable upon the reporting person's separation of service as a director.
• Filing date: Form 4 filed on Oct 2, 2026 (transaction reported for period of report Oct 1, 2026).

Why it may matter The filing reports an award of restricted stock units and phantom stock (derivative awards) that vest or become payable tied to separation from service, not an open-market purchase or sale. A filing does not show why the insider traded or why the company acted.