Mahoney Ruth H 4

What Happened

• Ruth H. Mahoney, EVP and President of Wealth Management at NBT Bancorp (NBTB), was granted awards (restricted/phantom stock) and had shares withheld to cover tax liabilities. On 2026-03-23 she acquired two awards: 2,961 shares and 2,507 shares (total 5,468 shares) at $0.00 (RSU/phantom grants). On the same date 904 shares were disposed (withheld) to pay taxes: 215 shares and 689 shares, each at $41.99, totaling $37,959 in tax withholding proceeds.
• These transactions are awards and tax-withholding (code A for grant, F for tax withholding), not open-market purchases or discretionary sales—so they reflect compensation vesting/plan mechanics rather than a market buy or sell decision.

Key Details

• Transaction date: 2026-03-23; Filing date: 2026-03-25 (filed two days after the transactions, which is within the Form 4 two-business-day reporting window).
• Grants: 2,961 shares and 2,507 shares acquired @ $0.00 (total 5,468 shares; coded A).
• Withholdings: 215 shares disposed @ $41.99 = $9,028; 689 shares disposed @ $41.99 = $28,931; total withheld = 904 shares for $37,959 (coded F).
• Shares owned after the transaction: Not provided in the data you supplied; check the full Form 4 (accession 0001140361-26-011207) for the reported post-transaction holdings.
• Footnotes from the filing:
  • F1: Grants vest 20% annually under the Omnibus Restricted Stock Unit Agreement.
  • F2: One RSU award vested after a three-year performance period.
  • F3: Phantom stock is deemed invested in one share per the Deferred Compensation Plan.

Context

• These are compensation-related awards and routine tax-withholding transactions—not open-market purchases or disposals. The withheld shares were used to satisfy tax obligations (a common practice when RSUs/phantom awards vest).
• For retail investors: compensation grants increase insider ownership but do not necessarily signal a buy/sell decision; tax-withholding disposals are administrative and routine.