Form 4: NBT Bancorp Executive Sells 1,000 Shares
SEC Form 4 Filing
Martin Randolph Sparks, EVP, General Counsel, and Secretary of NBT Bancorp Inc., sold 1,000 shares of common stock at a price of $48.37 on September 12, 2024.
Summary
- On September 12, 2024, Martin Randolph Sparks, an executive at NBT Bancorp Inc., sold 1,000 shares of the company's common stock.
- The transaction was executed at a price of $48.37 per share.
- Following the sale, Sparks directly owns 15,003 shares of NBT Bancorp Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares by an executive.
Industry Context
Executive stock sales are a common occurrence and are publicly disclosed to ensure transparency and prevent insider trading. The sale itself doesn't necessarily indicate a negative outlook for the company, as executives may sell shares for various personal financial reasons.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect unless part of a larger trend.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of transaction: Martin Randolph Sparks sold 1,000 shares of NBT Bancorp Inc. common stock. |
| 09/13/2024 | Date of signature: Annette L. Burns, Power of Attorney For: Martin Randolph Sparks signed the document. |
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