Director at NBT Bancorp (NBTB) granted 1,050 RSU-based shares under 2024 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NBT Bancorp Inc. director Martin A. Dietrich received a grant of 1,050 shares of NBT Bancorp Inc. common stock as equity compensation. The award was acquired at a price of $0.00 per share under the NBT Bancorp Inc. 2024 Omnibus Incentive Plan as part of the annual retainer for outside directors, delivered in the form of restricted stock units that vest in one year. Following this grant, Dietrich directly holds 112,294 shares of the company’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DIETRICH MARTIN A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | NBT Bancorp Inc. Common Stock | 1,050 | $0.00 | -- |
Holdings After Transaction:
NBT Bancorp Inc. Common Stock — 112,294 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 1,050 shares
Grant price: $0.00 per share
Post-transaction holdings: 112,294 shares
+2 more
5 metrics
Shares granted
1,050 shares
Director equity grant on 2026-05-19
Grant price
$0.00 per share
Equity award under 2024 Omnibus Incentive Plan
Post-transaction holdings
112,294 shares
Shares directly held by Martin A. Dietrich after grant
Vesting period
One year
Restricted stock units vest in one year
Transaction code
A
Grant, award, or other acquisition of non-derivative security
Key Terms
restricted stock units, 2024 Omnibus Incentive Plan, annual retainer, Grant, award, or other acquisition
4 terms
restricted stock units financial
"in the form of restricted stock units of the Company's common stock that vest in one year"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2024 Omnibus Incentive Plan financial
"Acquired pursuant to the NBT Bancorp Inc. 2024 Omnibus Incentive Plan"
annual retainer financial
"Each outside director is entitled to receive an annual retainer for Board service in the form of restricted stock units"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did NBT Bancorp (NBTB) report for Martin A. Dietrich?
NBT Bancorp reported that director Martin A. Dietrich acquired 1,050 shares of common stock. The shares were granted as equity compensation under the 2024 Omnibus Incentive Plan, rather than bought in the open market, and relate to his annual retainer.
Was the NBTB insider transaction a market purchase or a stock grant?
The NBTB insider transaction was a stock grant, not a market purchase. Dietrich received 1,050 shares at $0.00 per share as a grant under the 2024 Omnibus Incentive Plan, tied to his outside director annual retainer.
What plan governs the latest NBTB stock grant to director Martin A. Dietrich?
The grant is governed by the NBT Bancorp Inc. 2024 Omnibus Incentive Plan. Under this plan, each outside director receives an annual retainer paid in restricted stock units of common stock, which are designed to align director compensation with shareholder interests.
When do the restricted stock units granted to NBTB director Dietrich vest?
The restricted stock units granted to director Martin A. Dietrich vest in one year. These units are part of his annual retainer for board service and convert into common stock upon vesting, subject to the plan’s terms and continued service.