Form 4: NBT Bancorp CEO Sells Shares for Tax Obligations
Insider Transaction Report
NBT Bancorp Inc. President & CEO Scott Allen Kingsley reported the disposal of common stock shares on January 15, 2026, primarily for tax purposes.
Summary
- Scott Allen Kingsley, President & CEO of NBT Bancorp Inc., reported changes in his beneficial ownership of NBTB common stock.
- On January 15, 2026, Kingsley disposed of a total of 2,019 shares of NBT Bancorp Inc. Common Stock across four separate transactions.
- The transactions were coded 'F', indicating a payment of tax liability by delivering or withholding securities incident to the vesting of a restricted stock award or the exercise of a stock option.
- The disposal price for all transactions was $43.71 per share.
- Following these transactions, Kingsley's direct beneficial ownership of NBT Bancorp Inc. Common Stock decreased to 45,410 shares.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction (disposal of shares for tax purposes) and does not contain information that would significantly alter the company's sentiment.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: A slight reduction in insider ownership, but generally considered a routine administrative event with minimal direct impact on company operations or strategy.
Key Dates
| Date | Description |
|---|---|
| 01/15/2026 | Transaction date for disposal of NBT Bancorp Inc. Common Stock by Scott Allen Kingsley. |
| 01/16/2026 | Signature date of the reporting person's power of attorney. |
Recommendation
holdThe filing details a routine insider transaction where the CEO disposed of shares to cover tax obligations. This type of transaction (Form 4, transaction code 'F') is administrative and does not typically reflect a change in management's outlook or the company's fundamentals. Therefore, it does not warrant a change in investment recommendation based solely on this filing.
Keywords
NBT Bancorp, NBTB, Scott Allen Kingsley, insider transaction, Form 4, common stock, share disposal, CEO, beneficial ownership
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