Form 4: NBT Bancorp Executive Ruth H. Mahoney Reports Acquisition of Phantom Stock

Ruth H. Mahoney, EVP/President of Wealth Management at NBT Bancorp, reports acquiring phantom stock units tied to NBT Bancorp common stock.

Summary

• On February 27, 2024, Ruth H. Mahoney, EVP/President of Wealth Management at NBT Bancorp Inc., reported a transaction involving phantom stock.
• Mahoney acquired 1,106.065 units of phantom stock, each deemed equivalent to one share of NBT Bancorp Inc. common stock, at a price of $34.5692 per unit.
• Following the transaction, Mahoney directly owns 7,673.224 units of phantom stock.
• Mahoney also directly owns 9,256 shares of NBT Bancorp Inc. common stock.
• Additionally, Mahoney indirectly owns 2,354.265 shares of NBT Bancorp Inc. common stock through a 401k.

Sentiment

Score: 5

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

Positives

• The acquisition of phantom stock may align the executive's interests with those of the shareholders, as the value is tied to the company's stock performance.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.

Key Dates