Form 4: NBT Bancorp Executive Ruth H. Mahoney Reports Stock Transactions

Ruth H. Mahoney, EVP/President of Wealth Management at NBT Bancorp, reports acquisition of restricted stock units and phantom stock.

Summary

• Ruth H. Mahoney, 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, Mahoney acquired 2,743 shares of NBT Bancorp Inc. common stock through a restricted stock unit agreement, vesting 20% annually.
• On the same date, she also acquired 3,000 restricted stock units, which represent a contingent right to receive one share of NBT Bancorp Inc. common stock per unit, vesting fully on the third anniversary of the grant date.
• Mahoney also indirectly owns 2,354.265 shares through a 401k.
• She also holds 7,673.224 shares of phantom stock under the Deferred Compensation Plan.
• Following these transactions, Mahoney directly owns 18,227 shares of NBT Bancorp Inc. common stock.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey strong positive or negative sentiment, but rather provides factual information.

Positives

• The acquisition of restricted stock units and phantom stock indicates a continued investment and alignment of interests between the executive and the company's performance.

Future Outlook

The restricted stock units vest in full as of the third anniversary of the Grant Date.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the alignment of management's interests with shareholders.

Key Dates