NBT Bancorp (NBTB) director receives 1,050-share stock grant as annual retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Salanger Matthew J reported acquisition or exercise transactions in this Form 4 filing.
NBT Bancorp Inc. director Matthew J. Salanger received a grant of 1,050 shares of NBT Bancorp Inc. common stock on May 19, 2026. The shares were awarded at a price of $0.00 per share as part of director compensation.
According to the company’s 2024 Omnibus Incentive Plan, outside directors receive their annual retainer in the form of restricted stock units that vest in one year. Following this award, Salanger directly holds 28,116 shares of NBT Bancorp Inc. common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Salanger Matthew J
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 — 28,116 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 1,050 shares
Grant price: $0.00 per share
Total holdings after grant: 28,116 shares
+1 more
4 metrics
Shares granted
1,050 shares
Restricted stock unit award on May 19, 2026
Grant price
$0.00 per share
Director stock award compensation
Total holdings after grant
28,116 shares
Direct ownership following award
Transaction date
May 19, 2026
Grant of restricted stock units
Key Terms
restricted stock units, 2024 Omnibus Incentive Plan, annual retainer
3 terms
restricted stock units financial
"annual retainer for Board service in the form of restricted stock units of the Company's common stock"
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"
FAQ
What insider transaction did NBTB director Matthew J. Salanger report?
Matthew J. Salanger reported receiving a grant of 1,050 shares of NBT Bancorp Inc. common stock. The award reflects his annual director retainer, paid in restricted stock units that vest after one year under the company’s 2024 Omnibus Incentive Plan.
Under which plan were the NBTB restricted stock units granted to Matthew J. Salanger?
The restricted stock units were granted under the NBT Bancorp Inc. 2024 Omnibus Incentive Plan. This plan provides that each outside director receives an annual retainer in the form of restricted stock units that vest in one year, rather than a traditional cash retainer.
When do Matthew J. Salanger’s newly granted NBTB restricted stock units vest?
The restricted stock units are structured to vest in one year from the grant date. This one-year vesting schedule applies to outside directors’ annual retainers granted under NBT Bancorp Inc.’s 2024 Omnibus Incentive Plan, subject to continued board service during the vesting period.