Form 4: NBT Bancorp Director David J. Nasca Reports Gift of Common Stock
Insider Transaction Report
NBT Bancorp Inc. Director David J. Nasca filed a Form 4, disclosing a gift of 1,245 shares of common stock on June 3, 2025, while retaining significant direct and indirect holdings.
Summary
- David J. Nasca, a Director of NBT Bancorp Inc. (NBTB), reported a change in his beneficial ownership of the company's common stock.
- On June 3, 2025, Mr. Nasca disposed of 1,245 shares of NBT Bancorp Inc. Common Stock through a gift, indicated by a transaction price of $0.0.
- Following this transaction, Mr. Nasca directly beneficially owns 102,513 shares of NBT Bancorp Inc. Common Stock.
- Additionally, Mr. Nasca indirectly beneficially owns 2,133 shares of NBT Bancorp Inc. Common Stock through a Trust.
Sentiment
Score: 6
Explanation: The filing reports a routine insider transaction (a gift of shares), which is a neutral event for the company's operational performance. The director retains significant holdings, indicating continued alignment.
Positives
- The reporting person, a Director, continues to hold a substantial number of shares (102,513 directly and 2,133 indirectly), indicating continued alignment with shareholder interests.
Negatives
- The transaction involved a reduction in direct beneficial ownership by 1,245 shares due to a gift.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of an insider's stock transaction and does not provide information related to broader industry trends or competitive positioning within the financial services sector.
Related Party Transactions
- Director David J. Nasca disposed of 1,245 shares of NBT Bancorp Inc. Common Stock via a gift (transaction code 'G').
Stakeholder Impact
- Minimal direct impact on shareholders, employees, customers, suppliers, or creditors, as this is a routine disclosure of an insider's personal stock transaction.
Key Dates
| Date | Description |
|---|---|
| 06/03/2025 | Date of the reported transaction (gift of shares). |
| 06/05/2025 | Date the Form 4 was signed and filed. |
Keywords
NBT Bancorp, NBTB, SEC Form 4, Insider Transaction, Beneficial Ownership, Stock Gift, Director Stock Holdings, Financial Services, Banking
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