Form 4: NBT Bancorp SVP Cynthia Smaniotto Reports Stock Grant

Cynthia Smaniotto, SVP and Chief HR Officer of NBT Bancorp, reports the acquisition of 1,898 shares of common stock through a restricted stock unit grant.

Summary

• On March 24, 2025, Cynthia A. Smaniotto, SVP and Chief HR Officer of NBT Bancorp Inc., acquired 1,898 shares of NBT Bancorp Inc. Common Stock.
• The acquisition was a grant, with a price of $0.00 per share.
• Following the transaction, Smaniotto directly owns 16,151.927 shares and indirectly owns 3,309.566 shares through a 401k and 904.601 shares through an ESOP.
• The grant vests 20% annually according to the NBT Bancorp Inc. Omnibus Restricted Stock Unit Agreement.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a stock grant, which is neither overwhelmingly positive nor negative.

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 multi-year vesting schedule.

Industry Context

This is a routine disclosure related to executive compensation and is common in the financial industry.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in the banking industry.
• Companies like JPMorgan Chase, Bank of America, and Citigroup also utilize stock grants as part of their executive compensation plans.
• The vesting schedule of 20% annually is a fairly standard practice.

Stakeholder Impact

• The stock grant could have a minor positive impact on shareholder sentiment, as it aligns executive interests with those of the shareholders.

Key Dates

Keywords

NBT Bancorp, Smaniotto, Stock Grant, Form 4, Beneficial Ownership, Restricted Stock Units, NBTB