Form 4: NBT Bancorp Director Matthew J. Salanger Acquires Shares Under Incentive Plan

Director Matthew J. Salanger acquired 1,032 shares of NBT Bancorp Inc. common stock under the company's 2024 Omnibus Incentive Plan.

Summary

• On May 20, 2025, Matthew J. Salanger, 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 shares were awarded as part of the annual retainer for Board service, in the form of restricted stock units that vest in one year.
• Following the transaction, Salanger directly owns 27,066 shares of NBT Bancorp Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns interests with shareholders. There are no indications of negative sentiment.

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 document does not contain specific forward-looking statements, but the incentive plan suggests a continued commitment to aligning director compensation with company performance.

Industry Context

Director stock ownership is a common practice in the banking industry to align management's interests with those of shareholders. Incentive plans like the NBT Bancorp Inc. 2024 Omnibus Incentive Plan are typical for attracting and retaining qualified board members.

Comparison to Industry Standards

• Director compensation packages often include stock options or restricted stock units to incentivize performance and align interests with shareholders.
• Many regional banks use similar incentive plans to attract and retain qualified board members, such as those seen at Community Bank System Inc. and Five Star Bancorp.
• The vesting period of one year for the restricted stock units is a standard practice in the industry.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.
• The incentive plan aims to align the interests of the board with those of the shareholders.

Key Dates

Keywords

NBT Bancorp, Director, Stock Acquisition, Incentive Plan, Matthew J. Salanger, NBTB, Shares, Common Stock, Restricted Stock Units