Orange County Bancorp: director Jon Schiller received N/A shares

What happened Jon Schiller, a director, received a grant (transaction code A) on Oct 1, 2026. The filing lists the amount as N/A shares acquired at $37.19 per share and classifies the award as a derivative (restricted stock units and phantom stock).

Key details

• Transaction date: Oct 1, 2026; price per share: $37.19.
• Shares acquired: N/A (not specified in the filing).
• Shares owned after the transaction: not reported.
• Footnotes:
  • Includes restricted stock units which vest 100% on Feb 19, 2027, and are settled in shares of issuer common stock upon separation from service (footnote F1).
  • Each share of 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 (footnote F2).
• Filing date: Oct 2, 2026.

Why it may matter This was an award of restricted stock units and phantom stock rather than an open-market purchase or sale; the RSUs vest 100% on Feb 19, 2027 and the phantom stock pays out upon separation of service. This filing does not show why the insider traded or why the company acted.