Kingsley Scott Allen 4
Research Summary
AI-generated summary
NBT Bancorp (NBTB) CEO Scott Allen Receives Restricted Stock Units
What Happened
Scott Allen, President & CEO of NBT Bancorp (NBTB), received two restricted stock unit (RSU) awards on 2026-03-23 totaling 12,651 RSUs (9,125 RSUs and 3,526 RSUs; acquisition price reported $0.00). To satisfy tax withholding, 125 shares were surrendered/withheld on the same date at $41.99 per share, for a withholding value of $5,249. The RSU grants are recorded as acquisitions (award grants), while the 125-share disposition is a tax withholding event — not an open-market sale for cash proceeds.
Key Details
- Transaction date: 2026-03-23; Form 4 filed: 2026-03-25 (appears timely).
- Grants: 9,125 RSUs @ $0.00 and 3,526 RSUs @ $0.00 (total 12,651 RSUs granted).
- Tax withholding: 125 shares disposed @ $41.99 = $5,249 (code F).
- Shares owned after the transaction: not specified in this filing.
- Footnotes: F1 — omnibus RSU grant vests 20% annually; F2 — earned RSU vested after a three‑year performance period.
- No 10b5-1 plan or late‑filing indication noted in the report.
Context
RSU grants are compensation that generally vest over time (here, some awards vest 20% annually and another was tied to a three‑year performance period). The 125‑share disposition is routine tax withholding and should not be read as a discretionary open‑market sale signaling sentiment.