Form 4: NBT Bancorp Director Richard J. Cantele Jr. Reports Acquisition of Stock Units

Director Richard J. Cantele Jr. acquired 622 shares of NBT Bancorp Inc. common stock on August 17, 2024, as part of the company's 2024 Omnibus Incentive Plan.

Summary

• On August 17, 2024, Richard J. Cantele Jr., a director of NBT Bancorp Inc., acquired 622 shares of NBT Bancorp Inc. common stock.
• The acquisition was made under the NBT Bancorp Inc. 2024 Omnibus Incentive Plan.
• These shares were received as part of the annual retainer for Board service, in the form of restricted stock units that vest in one year.
• Following the transaction, Cantele directly owns 54,258.429 shares and indirectly owns 3,028 shares through the NBT Bancorp ESOP.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to director compensation. It doesn't indicate any significant positive or negative outlook for the company.

Positives

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

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This is a routine disclosure related to director compensation and stock ownership, common in the financial services industry.

Stakeholder Impact

• The transaction has a minor positive impact on shareholder confidence as it demonstrates the director's alignment with shareholder interests.

Key Dates