other material
confidence high
sentiment neutral
materiality 0.30
NBT Bancorp increases Scott Kingsley's retirement contributions by $500k to min $1M
NBT BANCORP INC
- SERP amendment raises annual Pay Based Credits for Kingsley by $500,000 to at least $1,000,000 effective 2025 plan year.
- Amendment executed March 24, 2025, retroactive to January 1, 2025.
- Increase applies to Scott A. Kingsley, covered under the NBT Bancorp Supplemental Executive Retirement Plan.
- Minimum total company retirement contributions (including 401k/ESOP match) for Kingsley now $1,000,000 annually.