Form 4: NBT Bancorp Executive Reports Acquisition of Phantom Stock

Joseph R. Stagliano, SEVP & President of NBT Bank, reports the acquisition of phantom stock units tied to NBT Bancorp Inc. common stock.

Summary

• Joseph R. Stagliano, SEVP & President of NBT Bank, filed a Form 4 detailing changes in beneficial ownership of NBT Bancorp Inc. securities.
• The report indicates the acquisition of 2,826.968 units of phantom stock on February 21, 2025, at a price of $46.87 per unit.
• Each phantom stock unit is equivalent to one share of NBT Bancorp Inc. common stock under the Deferred Compensation Plan.
• Following the transaction, Stagliano directly owns 76,306.154 shares of NBT Bancorp Inc. common stock.
• Stagliano also indirectly owns 6,944.529 shares through a 401k and 1,954.176 shares through an NBT Bancorp ESOP.
• His total direct holdings of phantom stock after the transaction amount to 24,148.195 units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and holdings, common in the banking industry.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock and doesn't represent a significant change in the company's financial position.

Key Dates