Smaniotto Cynthia A 4

What Happened

• Cynthia A. Smaniotto, Senior VP and Chief Human Resources Officer of NBT Bancorp, received two restricted stock unit (RSU) awards totaling 2,254 RSUs (2,042 + 212) on March 23, 2026 (reported on Form 4 filed March 25, 2026).
• To cover tax withholding related to the awards, 62 shares were surrendered/disposed (15 shares for $630 and 47 shares for $1,974), totaling $2,604. The RSU grants are reported at $0.00 per share on the Form 4 (standard for awards); at the reported share price of $41.99 the granted 2,254 shares would have an implied market value of about $94,645.

Key Details

• Transaction date: March 23, 2026; Form 4 filed March 25, 2026 (appears timely).
• Grants: 2,042 RSUs (A) and 212 RSUs (A) reported at $0.00.
• Tax withholding: 15 shares (F) at $41.99 = $630 and 47 shares (F) at $41.99 = $1,974; total withheld = 62 shares / $2,604.
• Footnotes: F1 — the omnibus RSU grant vests 20% annually; F2 — the 212 RSUs were earned and vested after a three‑year performance period.
• Shares owned after the transactions: not specified in the provided filing excerpt.

Context

• Code A indicates RSU awards (acquisitions); code F indicates shares were surrendered to satisfy tax withholding — not an open‑market sale. Such withholding transactions are routine following vesting and don’t necessarily signal a decision to sell for investment reasons.
• The omnibus RSU has time-based vesting (20%/year); the smaller award was performance‑based and vested after the performance period ended.