Form 4: NBT Bancorp Director John H. Watt Jr. Sells Shares to Cover Tax Obligations

NBT Bancorp director John H. Watt Jr. disposed of 5,097 shares of common stock on January 15, 2025, to cover tax obligations.

Summary

• John H. Watt Jr., a director at NBT Bancorp Inc., sold a total of 5,097 shares of the company's common stock on January 15, 2025.
• The sales were executed at a price of $47.62 per share.
• These transactions were coded as 'F', indicating they were likely to cover tax obligations related to vesting of stock or other compensation.
• Following these transactions, Mr. Watt directly owns 120,214 shares of NBT Bancorp common stock and indirectly owns 6,156.128 shares through a 401k.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales by a director, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine disclosure of stock transactions by a company insider, which is common in the financial industry. It does not indicate any specific trend or issue within the banking sector.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC.
• The transactions are typical for directors who receive stock-based compensation and need to cover tax liabilities.

Stakeholder Impact

• The stock sales by the director may have a minor impact on the stock price, but it is unlikely to be significant.

Key Dates

Keywords

NBT Bancorp, John H. Watt Jr., stock sale, insider trading, Form 4, tax obligations, director, equity securities