Form 4: NBT Bancorp CFO Increases Stake Through Equity Grants

NBT Bancorp's EVP & Chief Financial Officer, Annette L. Burns, reported an increase in her beneficial ownership of common stock through restricted stock unit vesting and a new grant.

Summary

• Annette L. Burns, EVP & Chief Financial Officer of NBT Bancorp Inc. (NBTB), reported transactions on March 23, 2026.
• Acquired 3,275 shares of NBT Bancorp Inc. Common Stock as part of an Omnibus Restricted Stock Unit Agreement, which vests 20% annually.
• Acquired an additional 234 shares of NBT Bancorp Inc. Common Stock from restricted stock units that vested after a three-year performance period.
• Disposed of a total of 86 shares (21 + 65) of NBT Bancorp Inc. Common Stock at a price of $41.99 per share, likely for tax withholding purposes related to the vesting.
• Following these transactions, Ms. Burns beneficially owns 24,312.673 shares of NBT Bancorp Inc. Common Stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive indicator, reflecting routine executive compensation and an increase in the CFO's direct ownership, which aligns management incentives with shareholder value.

Positives

• Annette L. Burns, EVP & CFO, increased her direct beneficial ownership of NBT Bancorp Inc. common stock by a net of 3,423 shares (3,275 + 234 21 65).
• The acquisition of 3,275 shares is part of a new restricted stock unit grant, indicating ongoing executive compensation and alignment with shareholder interests.
• The vesting of 234 restricted stock units signifies the successful completion of a three-year performance period.

Negatives

• 86 shares of common stock were disposed of at $41.99 per share, likely to cover tax obligations associated with the vesting of restricted stock units. This is a routine event and not inherently negative for the company's outlook.

Future Outlook

The 3,275 share restricted stock unit grant vests 20% annually, indicating future vesting events over the next five years.

Industry Context

StockSavvy.ai notes that the granting and vesting of restricted stock units are standard practices in executive compensation across the banking and financial services industry. These mechanisms are designed to align the long-term interests of executives with those of shareholders by tying a portion of compensation to company performance and stock appreciation.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value through equity ownership.
• Employees: The vesting of restricted stock units is a common component of executive compensation packages, potentially signaling stability in leadership.

Next Steps

• The 3,275 share restricted stock unit grant will vest 20% annually over the next five years.

Key Dates

Keywords

NBT Bancorp Inc., NBTB, Form 4, insider transaction, executive compensation, restricted stock units, RSU, stock grant, beneficial ownership, Annette L. Burns, CFO