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Insider Buy CFO Buy February 5, 2024

Kingsley Scott Allen purchased ~$34K in NBT Bancorp Inc. stock

NBT Bancorp Inc. (NBTB)  ·  EVP & Chief Financial Officer  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+10.6%

vs SPY +5.2%

NBTB price after insider trade by Kingsley Scott Allen

Insider

Kingsley Scott Allen

Role

EVP & Chief Financial Officer

Transaction

Open-Market Purchase

Approx. Value

~$34K

Trade Date

Feb 5, 2024

Company

NBT Bancorp Inc.

Ticker

NBTB

Source

SEC EDGAR Form 4

Strong conviction signal

Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.

~$34K purchase

A personal investment by a corporate insider. Even smaller trades can be meaningful when combined with other factors like timing and role.

EVP & Chief Financial Officer

CFOs have direct access to financials before they become public. Their trades are among the most closely watched by institutional investors.

+10.6% in 90 days (S&P 500: +5.2%)

This trade beat the S&P 500 by 5.4 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

KS

How good is Kingsley Scott Allen at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

See track record

On February 5, 2024, Kingsley Scott Allen — EVP & Chief Financial Officer of NBT Bancorp Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$34K in NBT Bancorp Inc. (NBTB) stock.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, NBTB returned +10.6% versus +5.2% for the S&P 500 over the same period.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Strong
Trade size ~$34K
Insider role EVP & Chief Financial Officer
90-day return +10.6%
vs S&P 500 +5.4%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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