Form 4: NBT Bancorp Executive Amy Wiles Reports Acquisition of Shares

Amy Wiles, EVP, Chief Risk and Credit at NBT Bancorp, reports acquiring shares of NBT Bancorp Inc. Common Stock through restricted stock unit grants.

Summary

• Amy Wiles, an executive at NBT Bancorp Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On May 21, 2024, Wiles acquired 2,910 shares of NBT Bancorp Inc. Common Stock through a restricted stock unit agreement, vesting 20% annually.
• Additionally, she acquired 5,000 restricted stock units, which represent a contingent right to receive one share of NBT Bancorp Inc. common stock for each unit awarded, vesting in full on the second anniversary of the grant date.
• Following these transactions, Wiles beneficially owns 32,810 shares of NBT Bancorp Inc. Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard regulatory filing. Insider ownership is generally viewed as a positive, but this is a routine grant.

Positives

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

Future Outlook

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

Industry Context

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

Stakeholder Impact

• The increased ownership by an executive could positively influence shareholder confidence.

Key Dates