Stagliano Joseph R 4
4 · NBT BANCORP INC · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
NBT Bancorp (NBTB) SEVP Joseph Stagliano Receives Phantom Stock Award
What Happened
Joseph R. Stagliano, Senior Executive Vice President and President of NBT Bank, received an award of 2,642.325 phantom stock units (derivative shares) on 2026-03-06. The units were valued at $41.63 each, for a total reported value of $110,000. This was an award/grant (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-06; filing date: 2026-03-09 (filed within normal timing).
- Instrument: Phantom stock units under the Deferred Compensation Plan (derivative award).
- Units awarded: 2,642.325; valuation per unit: $41.63; total value: $110,000.
- Shares owned after transaction: Not reported in the filing.
- Footnote: Each phantom share is deemed invested in one share of NBT Bancorp common stock per the Deferred Compensation Plan (F1).
- Transaction code: A = Award/Grant.
Context
A phantom stock award is a form of deferred compensation tied to the company's common stock value; it does not represent an immediate open-market purchase of common shares. Such awards are routine for executive compensation and do not, by themselves, signal buying or selling activity by the insider.
Insider Transaction Report
- Award
Phantom Stock
[F1]2026-03-06$41.63/sh+2,642.325$110,000→ 27,601.697 total→ NBT Bancorp Inc. Common Stock (2,642.325 underlying)
- 79,083.367
NBT Bancorp Inc. Common Stock
- 7,252.906(indirect: By 401(k))
NBT Bancorp Inc. Common Stock
- 2,020.199(indirect: NBT Bancorp ESOP)
NBT Bancorp Inc. Common Stock
Footnotes (1)
- [F1]Each share of phantom stock is deemed invested in one share of NBT Bancorp Inc. common stock pursuant to the terms of the Deferred Compensation Plan.