CANTELE RICHARD J JR 4
Research Summary
AI-generated summary
NBT Bancorp (NBTB) Director Richard Cantele Jr Receives 1,050-Share Award
What Happened
Richard J. Cantele Jr., a director of NBT Bancorp, was awarded 1,050 shares on May 19, 2026. The Form 4 reports the grant at $0.00 per share (total $0), reflecting an award of restricted stock units rather than a cash purchase or sale. This is a compensation grant to an outside director rather than a market buy or sale.
Key Details
- Transaction date: 2026-05-19; Form 4 filed: 2026-05-21 (appears timely).
- Transaction type: Award/Grant (code A); 1,050 shares granted at $0.00 per share (total $0).
- Shares owned after transaction: not provided in the supplied filing details.
- Footnote: Grant made pursuant to the NBT Bancorp Inc. 2024 Omnibus Incentive Plan. Outside directors receive an annual retainer in the form of restricted stock units that vest in one year.
- No sale, purchase, option exercise, or 10% owner action reported.
Context
Director RSU awards are routine compensation for non-employee directors and typically vest over time (here: one year), so they signal standard remuneration rather than a trading view. Because this is a grant (not a purchase or sale), it should not be interpreted as a direct buy/sell signal about the director’s sentiment toward the stock.