Form 4: NBT Bancorp EVP Hyle Reports Stock Transactions

NBT Bancorp Inc.'s EVP of Retail Community Banking, Shaunastar Hyle, reported recent acquisitions and dispositions of common stock, including vested restricted stock units.

Summary

• Shaunastar Hyle, EVP, Retail Community Banking at NBT Bancorp Inc., reported transactions involving the company's common stock on March 23, 2026.
• Transactions included the acquisition of 2,751 shares and 2,226 shares, both at a price of $0, stemming from the vesting of restricted stock units.
• The 2,751 shares were part of an Omnibus Restricted Stock Unit Agreement that vests 20% annually.
• The 2,226 shares were earned restricted stock units that vested after a three-year performance period.
• Hyle also disposed of 191 shares and 612 shares, totaling 803 shares, at a price of $41.99 per share, primarily to cover tax withholding obligations related to the vested units.
• Following these transactions, Hyle directly owns 27,072 shares and holds additional shares indirectly through a 401k (1,059.527 shares), as custodian for a minor (1.442 shares), and via the NBT Bancorp ESOP (338.479 shares).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine disclosure of executive compensation vesting and associated tax-related stock sales, which typically has a neutral impact on market sentiment.

Positives

• EVP Shaunastar Hyle increased direct beneficial ownership by a net of 4,174 shares (2,751 + 2,226 803) through the vesting of restricted stock units, aligning executive interests with shareholder value.
• The vesting of restricted stock units indicates the achievement of performance milestones or continued service as per the compensation agreements.

Negatives

• A total of 803 shares of NBT Bancorp Inc. Common Stock were disposed of at $41.99 per share to satisfy tax withholding obligations, representing a reduction in direct holdings.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to equity compensation vesting, are common in the banking sector as a means to align executive interests with shareholder value.

Stakeholder Impact

• Shareholders: Minor dilution from vested shares, but also alignment of executive interests.
• Employees: Reflects standard executive compensation practices.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to executive compensation vesting and subsequent tax-related sales. It does not provide new information that would significantly alter the investment thesis for NBT Bancorp Inc., thus a 'hold' recommendation is appropriate.

Keywords

NBTB, NBT Bancorp, Form 4, Insider Trading, Stock Transactions, Restricted Stock Units, Executive Compensation