Form 4: NBT Bancorp HR Chief Sells Shares in Planned Transaction

NBT Bancorp's SVP, Chief HR Officer, Cynthia A. Smaniotto, reported the disposition of 312 shares of common stock at $43.71 per share under a Rule 10b5-1 plan.

Summary

• Cynthia A. Smaniotto, SVP, Chief HR Officer of NBT Bancorp Inc. (NBTB), reported changes in her beneficial ownership.
• On January 15, 2026, Smaniotto disposed of a total of 312 shares of NBT Bancorp Inc. Common Stock.
• The shares were disposed of at a price of $43.71 per share.
• Following these transactions, Smaniotto directly owns 15,839.927 shares.
• Smaniotto also indirectly owns 3,309.566 shares in a 401k and 904.601 shares in the NBT Bancorp ESOP.
• The transactions were made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged sale.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-planned disposition of shares by an insider, likely for tax withholding purposes, which is a neutral event regarding the company's operational performance or future prospects.

Positives

• The transaction was conducted under a Rule 10b5-1(c) plan, indicating it was pre-scheduled and not based on new material non-public information.

Negatives

• The disposition of shares by an insider, even if planned, reduces the executive's direct ownership stake in the company.

Risks

• NA

Future Outlook

NA

Industry Context

NA

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine, pre-planned transaction by an executive, likely for tax purposes, and does not signal a change in company fundamentals or strategy.

Next Steps

• NA

Key Dates

Recommendation

The reported transaction is a routine disposition of shares by an executive, likely for tax withholding upon the vesting of equity awards, and was conducted under a pre-arranged Rule 10b5-1(c) plan. Such transactions are common and generally do not indicate a change in the company's fundamental outlook or warrant a shift in investment strategy. Therefore, a 'hold' recommendation is appropriate, maintaining current positions based on broader company performance and market conditions rather than this specific insider filing.

Keywords

NBT Bancorp, NBTB, Insider Trading, Form 4, Stock Disposition, Cynthia A. Smaniotto, Executive Compensation, Financial Services