Form 4: NBT Bancorp Director Acquires Phantom Stock

Director Andrew S. Kowalczyk III acquired 1,128.434 shares of phantom stock in NBT Bancorp Inc. via a deferred compensation plan.

Summary

• Director Andrew S. Kowalczyk III acquired 1,128.434 shares of phantom stock.
• The transaction occurred on May 21, 2026, at a price of $45.86 per share.
• The acquisition was made through the company's Deferred Compensation Plan.
• Following this transaction, the director holds a total of 7,726.928 shares of phantom stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation and equity alignment.

Positives

• Demonstrates director alignment with shareholder interests through increased equity-linked holdings.

Negatives

• None identified.

Risks

• Value of phantom stock is tied to the market performance of NBT Bancorp Inc. common stock.

Future Outlook

Not applicable as this is a routine insider transaction filing.

Industry Context

StockSavvy.ai notes that director participation in deferred compensation plans is a standard corporate governance practice in the regional banking sector, signaling long-term commitment to the firm's equity performance.

Comparison to Industry Standards

• The transaction aligns with standard executive and director compensation practices among U.S. regional banks.
• The use of phantom stock for deferred compensation is a common mechanism to align leadership incentives with long-term stock price appreciation.

Stakeholder Impact

• Positive signal for shareholders regarding director confidence in the company's long-term value.

Next Steps

• No further actions required.

Key Dates

Keywords

NBT Bancorp, NBTB, Insider Trading, Form 4, Phantom Stock, Director Compensation