Form 4: NBT Bancorp SVP, Chief HR Officer, Cynthia Smaniotto, Reports Stock Transaction

Cynthia Smaniotto, SVP and Chief HR Officer of NBT Bancorp, reported a disposition of 214 shares of common stock on December 15, 2024, for tax purposes.

Summary

• Cynthia Smaniotto, a Senior Vice President and Chief HR Officer at NBT Bancorp, filed a Form 4 indicating a transaction involving the company's common stock.
• On December 15, 2024, Ms. Smaniotto disposed of 214 shares of NBT Bancorp common stock at a price of $51.66 per share.
• This transaction was categorized as a disposition for tax purposes.
• Following the transaction, Ms. Smaniotto directly owns 14,451.927 shares of NBT Bancorp common stock.
• She also indirectly owns 3,204.154 shares through a 401k and 857.788 shares through an ESOP.

Sentiment

Score: 5

Explanation: The document is a neutral report of a routine stock transaction by an executive, with no indication of positive or negative sentiment.

Industry Context

This is a routine disclosure of an insider transaction, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transaction is relatively small in volume compared to the total outstanding shares of NBT Bancorp, and is not unusual for executive stock transactions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small disposition of shares by an executive.

Key Dates

Keywords

NBT Bancorp, insider trading, Form 4, stock transaction, Cynthia Smaniotto, executive compensation, share disposition