Form 4: NBT Bancorp Executive Sells Shares for Tax Obligations

NBT Bancorp SEVP & President Joseph R. Stagliano reported the disposition of common stock to cover tax withholding obligations.

Summary

• Joseph R. Stagliano, SEVP & President of NBT Bank, reported transactions involving NBT Bancorp Inc. common stock.
• On January 15, 2026, Mr. Stagliano disposed of a total of 1,427 shares of NBT Bancorp Inc. Common Stock at a price of $43.71 per share.
• These dispositions were marked with transaction code 'F', indicating a payment of tax liability by delivering or withholding securities.
• Following these transactions, Mr. Stagliano directly beneficially owns 78,963.154 shares of NBT Bancorp Inc. Common Stock.
• Indirect beneficial ownership includes 6,944.529 shares in a 401k plan and 1,954.176 shares in the NBT Bancorp ESOP.
• Mr. Stagliano also holds 24,148.195 shares of phantom stock, which are deemed invested in one share of NBT Bancorp Inc. common stock each, pursuant to a Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This is a routine insider transaction common in the banking sector, where executives often dispose of shares to cover tax obligations arising from equity compensation or vesting events. It reflects standard compensation practices and tax planning for senior management.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, pre-planned transaction for tax purposes and does not reflect a change in the executive's investment thesis or company fundamentals.

Key Dates

Keywords

NBTB, NBT Bancorp, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Executive Compensation