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

Annette L. Burns, EVP & CFO of NBT Bancorp, reports the acquisition of 5,866 shares of NBT Bancorp Inc. common stock through restricted stock unit grants.

Summary

• Annette L. Burns, the EVP & Chief Financial Officer of NBT Bancorp Inc., reported changes in beneficial ownership of the company's stock on May 22, 2024.
• On May 21, 2024, Burns acquired 2,866 shares of NBT Bancorp Inc. common stock through a restricted stock unit agreement, which vests 20% annually.
• Additionally, Burns acquired 3,000 shares through restricted stock units, which vest in full on the third anniversary of the grant date and cannot be settled in cash.
• Following these transactions, Burns directly owns 18,421.683 shares of NBT Bancorp Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests with shareholders.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The restricted stock units vest over time, indicating a long-term commitment by the executive to the company's success.

Industry Context

Executive stock ownership is a common practice in the banking industry, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Comparing Annette Burns' stock ownership to peers in similar-sized regional banks would provide a benchmark for assessing the significance of her holdings.
• Analyzing stock ownership trends among executives in the banking sector can offer insights into overall management confidence and alignment with shareholder value.

Stakeholder Impact

• The increased stock ownership by a key executive could positively influence shareholder confidence.

Key Dates