Form 4: NBT Bancorp CFO Sells Shares for Tax Obligations

NBT Bancorp's EVP & CFO, Annette L. Burns, disposed of 711 shares of common stock to cover tax liabilities at a price of $43.71 per share.

Summary

• Annette L. Burns, Executive Vice President and Chief Financial Officer of NBT Bancorp Inc. (NBTB), reported transactions on January 15, 2026.
• Burns disposed of a total of 711 shares of NBT Bancorp Inc. Common Stock.
• The dispositions were made at a price of $43.71 per share.
• The transactions are identified with a 'F' code, indicating 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.
• Following these transactions, Burns directly beneficially owns 20,494.198 shares of NBT Bancorp Inc. Common Stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction (disposition for tax liability) by an executive, which typically has a neutral impact on sentiment as it does not reflect a change in investment thesis or company performance.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction, common for executives who receive equity compensation. The disposition of shares to cover tax liabilities is a standard practice upon the vesting of restricted stock or exercise of options and is generally not indicative of management's sentiment towards the company's future prospects or a broader industry trend.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction by an executive to cover tax liabilities, not a discretionary sale indicating a change in confidence.

Key Dates

Recommendation

The filing details a routine insider transaction where an executive disposed of shares to cover tax obligations. This type of transaction is non-discretionary and does not typically signal a change in the company's fundamentals, management's outlook, or the investment thesis. Therefore, it provides no new information that would warrant a change from a 'hold' recommendation.

Keywords

NBTB, NBT Bancorp, Form 4, Insider Transaction, Executive Compensation, Stock Sale, Tax Liability