DELANEY TIMOTHY E 4
Research Summary
AI-generated summary
NBT Bancorp (NBTB) Director Timothy Delaney Receives 1,050-Share Award
What Happened
Timothy E. Delaney, an outside director of NBT Bancorp, was granted 1,050 restricted stock units (reported as 1,050 shares acquired at $0.00) on May 19, 2026. The award was made under the NBT Bancorp Inc. 2024 Omnibus Incentive Plan as the annual retainer for board service; the RSUs vest in one year. No cash was paid for the grant at the time of reporting.
Key Details
- Transaction date: 2026-05-19; grant reported on Form 4 filed 2026-05-21. Filing is within the normal reporting window.
- Transaction type/code: Award/Acquisition (A). Price reported as $0.00; total reported cash consideration $0.
- Number of shares/units granted: 1,050 RSUs.
- Shares owned after the transaction: not specified in the provided excerpt of the Form 4.
- Footnote F1: Grant is pursuant to the 2024 Omnibus Incentive Plan; outside director RSUs vest in one year.
- Footnote F2: A prior Form 4 (filed Jan 29, 2026) misreported direct ownership; the securities reported earlier are actually held by Wesson Group LLC, where Delaney is President.
Context
This is a routine director compensation award (RSUs) rather than an open-market purchase or sale, so it should be viewed as standard pay for board service rather than an overt buy/sell signal. RSUs typically convert to common shares only after vesting (here, one year), at which point any sale or retention would be reported separately.