Form 4: NBT Bancorp EVP & CFO Annette L. Burns Reports Stock Disposals

Annette L. Burns, EVP & Chief Financial Officer of NBT Bancorp, reported the disposal of company stock on January 15, 2025.

Summary

• Annette L. Burns, the Executive Vice President and Chief Financial Officer of NBT Bancorp Inc., reported multiple transactions involving the disposal of NBT Bancorp common stock on January 15, 2025.
• These transactions were all coded as 'F', indicating they were disposals of shares to cover tax obligations related to vesting of stock awards.
• The disposals occurred at a price of $47.62 per share.
• The number of shares disposed of in each transaction were 237, 42, 69, 119, and 36 respectively.
• Following these transactions, Ms. Burns' direct holdings of NBT Bancorp common stock decreased from 18,487.683 to 17,918.683 shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of stock disposals by an executive, which is neither positive nor negative in itself. It is a neutral event.

Industry Context

This is a routine filing related to stock transactions by a company executive, which is common in the financial industry. It does not indicate any specific trend or issue within the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, and the transactions reported by Ms. Burns are typical for executives managing their equity compensation.
• Similar filings are made by executives at comparable financial institutions such as M&T Bank (MTB) and KeyCorp (KEY) when they dispose of shares.

Stakeholder Impact

• The stock disposals by the CFO may have a minor impact on the stock price, but it is unlikely to be significant as it is a routine transaction.

Key Dates

Keywords

NBT Bancorp, stock disposal, insider trading, Annette L. Burns, CFO, Form 4, executive compensation, equity securities