Stagliano Joseph R 4

What Happened

• Joseph R. Stagliano, SEVP and President of NBT Bank, received two stock awards that vested on March 23, 2026 (total 7,398 shares; transaction code A, $0.00 per share). To satisfy tax withholding obligations (transaction code F), the company disposed of 246 shares at $41.99 ($10,330) and 789 shares at $41.99 ($33,130), totaling 1,035 shares withheld and $43,460 in tax withholding. Net new shares delivered to Stagliano were 6,363 shares (7,398 granted less 1,035 withheld), worth roughly $267,182 at $41.99 per share.

Key Details

• Transaction date: 2026-03-23; Filing date: 2026-03-25 (filed within the typical two-business-day Form 4 window).
• Grant details: 4,528 shares and 2,870 shares reported as acquisitions (code A) at $0.00 — these are restricted stock/phantom awards that vested.
• Tax withholding: 246 shares and 789 shares disposed (code F) at $41.99 to cover tax liability; total withheld value $43,460.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes in the filing note RSU vesting rules and deferred compensation treatment:
  • F1: Omnibus RSU Agreement — grants vest 20% annually.
  • F2: Some RSUs were performance-based and vested after a three-year performance period.
  • F3: Phantom stock under the Deferred Compensation Plan is treated as invested in one share of common stock.

Context

• These transactions reflect awards vesting (an award/acquisition event) with routine share withholding to cover taxes — coded F for tax withholding, not an open-market sale by the insider. Vesting/withholding is typically administrative and does not necessarily signal a change in insider sentiment.