Form 4: NBT Bancorp Executive Reports Phantom Stock Acquisition
SEC Form 4 Filing
Ruth H. Mahoney, EVP/President of Wealth Management at NBT Bancorp, reports acquisition of phantom stock units tied to NBT Bancorp Inc. common stock.
Summary
- Ruth H. Mahoney, an executive at NBT Bancorp Inc., filed a Form 4 disclosing a transaction involving phantom stock.
- On February 21, 2025, Mahoney acquired 1,361.34 units of phantom stock, each deemed equivalent to one share of NBT Bancorp Inc. common stock.
- The price of the derivative security was $46.87.
- Following the transaction, Mahoney directly owns 9,287.828 derivative securities.
- Mahoney also directly owns 15,608.142 shares of NBT Bancorp Inc. common stock and indirectly owns 3,495.563 shares through a 401k.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the executive's holdings of company stock and related instruments.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of phantom stock transaction |
| 02/25/2025 | Date of signature on the form |
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