Form 4: NBT Bancorp Director Acquires Shares Under Incentive Plan

Richard J. Cantele, Jr., a director of NBT Bancorp, acquired 1,032 shares of common stock under the company's 2024 Omnibus Incentive Plan.

Summary

• On May 20, 2025, Richard J. Cantele, Jr., a director of NBT Bancorp Inc., acquired 1,032 shares of the company's common stock.
• The acquisition was made under the NBT Bancorp Inc. 2024 Omnibus Incentive Plan.
• These restricted stock units vest in one year.
• The price of the acquired shares was $0.0.
• Following the transaction, Cantele directly owns 57,055.798 shares and indirectly owns 3,109.505 shares through a 401k.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-governed company. The sentiment is neutral to slightly positive.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.
• The incentive plan aligns the interests of directors with those of shareholders.

Future Outlook

The restricted stock units vest in one year.

Industry Context

This type of stock grant is common for directors of publicly traded companies as part of their compensation package.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• The size of the equity grant is generally benchmarked against peer companies to ensure competitiveness.

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders.

Key Dates

Keywords

NBT Bancorp, Director, Share Acquisition, Incentive Plan, Common Stock, Richard J. Cantele Jr.