Form 4: NBT Bancorp SVP, Chief HR Officer, Cynthia A. Smaniotto, Reports Acquisition of Shares

Cynthia A. Smaniotto, SVP, Chief HR Officer of NBT Bancorp Inc., reports the acquisition of 1,081 shares of common stock on July 26, 2024, through a restricted stock unit agreement.

Summary

• On July 26, 2024, Cynthia A. Smaniotto, the SVP, Chief HR Officer of NBT Bancorp Inc., acquired 1,081 shares of NBT Bancorp Inc. common stock.
• The acquisition was made through a restricted stock unit agreement, with the grant vesting 20% annually.
• The price per share was $0.0.
• Following the transaction, Smaniotto directly owns 14,665.927 shares of NBT Bancorp Inc. common stock.
• Smaniotto also indirectly owns 3,204.154 shares through a 401k and 857.788 shares through an NBT Bancorp ESOP.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction by a company officer. The acquisition of shares can be seen as a positive signal, but it's not a major event.

Positives

• The acquisition of shares by a company officer can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The restricted stock units vest 20% annually, suggesting a continued alignment of the officer's interests with the company's long-term performance.

Industry Context

Insider transactions are routinely monitored as they can provide insights into management's perspective on the company's valuation and future prospects. This Form 4 filing is a standard disclosure required by the SEC.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company officer.

Key Dates