NBT Bancorp director receives stock award
Robinson V Daniel II reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Robinson V Daniel II reported acquisition or exercise transactions in this Form 4 filing.
NBT Bancorp Inc. director V. Daniel Robinson II reported a stock-based compensation grant. He received 1,050 shares of NBT Bancorp Inc. common stock at $0.00 per share, described as a grant or award under the company’s 2024 Omnibus Incentive Plan.
The award is in the form of restricted stock units that vest in one year. Following this grant, Robinson holds 21,754.853 shares directly and 387,558 shares indirectly through a corporation. This filing reflects routine director compensation rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,050 shares
Grant/Award
2 txns
Insider
Robinson V Daniel II
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | NBT Bancorp Inc. Common Stock | 1,050 | $0.00 | $0.00 |
| holding | NBT Bancorp Inc. Common Stock | -- | -- | -- |
Holdings After Transaction:
NBT Bancorp Inc. Common Stock — 21,754.853 shares (Direct);
NBT Bancorp Inc. Common Stock — 387,558 shares (Indirect, by Corporation)
Footnotes (1)
- F1. Acquired pursuant to the NBT Bancorp Inc. 2024 Omnibus Incentive Plan. Each outside director is entitled to receive an annual retainer for Board service in the form of restricted stock units of the Company's common stock that vest in one year.
Key Figures
Stock grant: 1,050 shares
Grant price: $0.00 per share
Direct holdings after grant: 21,754.853 shares
+2 more
5 metrics
Stock grant
1,050 shares
Grant/award acquisition under 2024 Omnibus Incentive Plan
Grant price
$0.00 per share
Equity compensation, not open-market purchase
Direct holdings after grant
21,754.853 shares
Common stock directly owned after the reported transaction
Indirect holdings
387,558 shares
Common stock held indirectly by corporation
Vesting period
One year
Restricted stock units vest in one year
Key Terms
restricted stock units, 2024 Omnibus Incentive Plan, grant, award, or other acquisition, indirect ownership
4 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."
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
indirect ownership financial
""ownership_type": "indirect", "nature_of_ownership": "by Corporation""
FAQ
What did NBTB director V. Daniel Robinson II report in this Form 4?
He reported receiving 1,050 shares of NBT Bancorp Inc. common stock as a grant under the 2024 Omnibus Incentive Plan, structured as restricted stock units that vest in one year as part of director compensation.
Was the NBTB Form 4 transaction an open-market stock purchase or sale?
No, the Form 4 shows a grant or award acquisition, not an open-market trade. Robinson received 1,050 shares at $0.00 per share as equity compensation, so it does not represent a discretionary market buy or sell decision.
What plan governs the stock award reported for NBTB’s outside director?
The award was acquired under the NBT Bancorp Inc. 2024 Omnibus Incentive Plan. Footnotes explain each outside director receives an annual retainer in restricted stock units of common stock that vest after one year of board service.
Do the restricted stock units in this NBTB filing vest immediately?
No, the footnote states the restricted stock units vest in one year. Each outside director’s annual retainer is delivered in RSUs that convert to common stock after the one-year vesting period, subject to continued board service.
Does this NBTB Form 4 indicate any derivative or option exercises?
No, the filing does not report any option or derivative exercises. It only shows a non-derivative acquisition of 1,050 common shares as a grant, and a separate entry reflecting indirect holdings through a corporation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
