Form 4: NBT Bancorp CEO Scott Kingsley Acquires 9,097 Shares of Common Stock

NBT Bancorp's President and CEO, Scott Allen Kingsley, acquired 9,097 shares of the company's common stock on May 21, 2024, as part of a restricted stock unit agreement.

Summary

• On May 21, 2024, Scott Allen Kingsley, President & CEO of NBT Bancorp Inc., acquired 9,097 shares of NBT Bancorp Inc. common stock.
• The acquisition was made under the NBT Bancorp Inc. Omnibus Restricted Stock Unit Agreement.
• The price per share was $0.0.
• Following the transaction, Kingsley directly owns 39,696 shares of NBT Bancorp Inc. common stock.
• The restricted stock unit grant vests 20% annually.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation. The CEO acquiring shares is generally a positive sign, but it's part of a pre-arranged plan.

Positives

• The CEO's acquisition of shares may signal confidence in the company's future performance.

Industry Context

Insider transactions are routinely monitored and reported to the SEC. They can provide insights, though not definitive, into management's perspective on the company's valuation and prospects.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment.

Key Dates