Form 4: NBT Bancorp SVP, Chief HR Officer, Cynthia Smaniotto, Reports Acquisition of 1,000 Shares of Common Stock

Cynthia Smaniotto, SVP, Chief HR Officer of NBT Bancorp, reports the acquisition of 1,000 shares of NBT Bancorp Inc. common stock on May 21, 2024.

Summary

• On May 21, 2024, Cynthia A. Smaniotto, the SVP, Chief HR Officer of NBT Bancorp Inc., acquired 1,000 shares of NBT Bancorp Inc. common stock.
• The acquisition was in the form of restricted stock units, with each unit representing a contingent right to receive one share of NBT Bancorp Inc. common stock.
• The restricted stock units vest in full on the second anniversary of the grant date and cannot be settled in cash.
• Following the transaction, Smaniotto directly owns 13,869.927 shares of NBT Bancorp Inc. common stock.
• Smaniotto also indirectly owns 3,204.154 shares through a 401k and 857.788 shares through an ESOP.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of stock acquisition by a company officer. It doesn't inherently indicate positive or negative sentiment about the company's performance.

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 in full as of the second anniversary of the Grant Date.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common in publicly traded companies. It provides transparency into the actions of company executives.

Key Dates