Form 4: Director Kowalczyk Acquires Phantom Stock in NBT Bancorp Inc.
SEC Form 4 Filing
Andrew S. Kowalczyk III, a director of NBT Bancorp Inc., acquired phantom stock equivalent to 631 shares of common stock at a price of $38.2028 per share on May 24, 2024.
Summary
- On May 24, 2024, Andrew S. Kowalczyk III, a director of NBT Bancorp Inc., acquired 631 shares of phantom stock.
- The phantom stock is linked to NBT Bancorp Inc. common stock and was acquired at a price of $38.2028 per share.
- Following the transaction, Kowalczyk directly owns 11,332.146 shares of NBT Bancorp Inc. common stock and 5,046 shares of phantom stock.
- The phantom stock is part of the Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider transaction, with no inherent positive or negative implications.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves phantom stock and a director's compensation.
Key Dates
| Date | Description |
|---|---|
| 05/24/2024 | Date of phantom stock transaction |
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