Form 4: NBT Bancorp Director Acquires Shares Under Incentive Plan

Andrew S. Kowalczyk III, a director at NBT Bancorp, acquired 1,068 shares of common stock on May 21, 2024, under the company's 2024 Omnibus Incentive Plan.

Summary

• On May 21, 2024, Andrew S. Kowalczyk III, a director of NBT Bancorp Inc., acquired 1,068 shares of NBT Bancorp Inc.
• Common Stock under the company's 2024 Omnibus Incentive Plan.
• The acquisition was made at a price of $0.0 per share.
• Following the transaction, Kowalczyk directly owns 11,332.146 shares of NBT Bancorp Inc.
• Common Stock.
• Kowalczyk also holds 4,415 shares of phantom stock under the Deferred Compensation Plan, each deemed invested in one share of NBT Bancorp Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a director's investment in the company, aligning interests with shareholders. It's a routine transaction under an existing incentive plan.

Positives

• The acquisition of shares by a director signals confidence in the company's future performance.

Industry Context

Director stock acquisitions are common and often tied to compensation plans to align director interests with shareholder value.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.

Key Dates