Hyle Shaunastar 4
Research Summary
AI-generated summary
NBTB EVP Hyle Shaunastar Receives 4,977 RSUs; 803 Shares Withheld
What Happened
Hyle Shaunastar, EVP, Retail Community Banking at NBT Bancorp (NBTB), was granted a total of 4,977 restricted stock units (RSUs) on 2026-03-23 (two grant entries: 2,751 and 2,226 RSUs). To satisfy tax withholding obligations, 803 shares were surrendered/withheld (two disposals of 191 and 612 shares) at $41.99 per share, totaling $33,718. The RSU grants show $0.00 purchase price (typical for RSU awards) — this is an award/vesting event rather than an open-market purchase.
Key Details
- Transaction date: 2026-03-23; Form 4 filed 2026-03-25 (timely).
- Grants: 2,751 RSUs and 2,226 RSUs granted (total 4,977 RSUs) — acquisition code (A), $0.00 price shown.
- Tax withholding: 191 shares disposed for $8,020 and 612 shares disposed for $25,698 (total withheld value $33,718) — withholding code (F).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes: F1 — omnibus RSU agreement vests 20% annually; F2 — one RSU award was a performance-based unit that vested after a three-year performance period.
Context
RSU grants are compensation awards that vest over time or on performance goals; the grant itself is not a market purchase. The disposals here are routine tax-withholding (shares surrendered to cover taxes) rather than a directional sale of remaining holdings. The filing appears timely (filed two days after the transaction).