[144] The Bank of N.T. Butterfield & Son Limited SEC Filing

Rhea-AI Filing Summary

The filing is a Form 144 notice of a proposed sale of ordinary shares in Bank of N.T. Butterfield & Son Limited under Rule 144. The filer notifies a brokered sale of 140,598 ordinary shares with an aggregate market value of $6,500,000, to be executed through Citigroup Global Markets, Inc. on the NYSE on 08/12/2025. The shares were recorded as acquired on 08/12/2025 via restricted vesting from Bank Of N.T. Butterfield & Son Ltd and the consideration is noted as services rendered.

The notice indicates no reported sales in the past three months. This filing is a routine regulatory disclosure that identifies the amount, value, broker, acquisition date and transfer origin for the proposed sale.

Positive

• Proposed sale disclosed: 140,598 ordinary shares with an aggregate market value of $6,500,000
• Broker and exchange specified: Citigroup Global Markets, Inc. on the NYSE
• Acquisition and payment details provided: acquired by restricted vesting on 08/12/2025 from Bank Of N.T. Butterfield & Son Ltd; payment noted as services rendered
• No sales in prior 3 months: the filer reported "Nothing to Report" for the past three months

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine Rule 144 disclosure; proposed sale is small relative to shares outstanding and is unlikely to move the market.

The Form 144 reports a proposed sale of 140,598 shares valued at $6.5 million through Citigroup on the NYSE. Compared with the reported 41,200,000 shares outstanding, the lot represents approximately 0.34% of outstanding shares, indicating a modest position size. The filing notes acquisition by restricted vesting and payment described as services rendered, consistent with compensation-related share transfers. Impact on liquidity and price should be limited given the small percentage and the routine nature of the disclosure.

Corporate Governance Expert

TL;DR: Disclosure aligns with compliance expectations; transaction appears to be compensation-related and properly reported.

The notice identifies the seller's acquisition method as restricted vesting and the consideration as services rendered, which suggests issuance tied to compensation or service arrangements. The filer uses an established broker (Citigroup Global Markets, Inc.) and certifies no knowledge of undisclosed material adverse information. There are no reported sales in the prior three months. From a governance perspective, the filing meets Rule 144 disclosure requirements and raises no immediate red flags.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Ordinary Shares	Citigroup Global Markets, Inc. 390 Greenwich St. New York NY 10013	140598	6500000.00	41200000	08/12/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Ordinary Shares	08/12/2025	Restricted Vesting	Bank Of N.T. Butterfield & Son Ltd			140598	08/12/2025	Services Rendered

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does NTB's Form 144 disclose?

The filing discloses a proposed sale of 140,598 ordinary shares of NTB with an aggregate market value of $6,500,000 to be sold on 08/12/2025.

Who is the broker handling the proposed sale?

The broker listed is Citigroup Global Markets, Inc. (address: 390 Greenwich St. New York NY 10013) and the sale is to occur on the NYSE.

How and when were the shares acquired?

The shares are recorded as acquired on 08/12/2025 through restricted vesting from Bank Of N.T. Butterfield & Son Ltd.

What was the consideration for the shares?

The filing states the nature of payment as Services Rendered.

Has the filer sold NTB shares in the past three months?

No. The filing indicates "Nothing to Report" for securities sold during the past three months.

How large is the proposed sale relative to outstanding shares?

The filing reports 41,200,000 shares outstanding; the proposed 140,598 share sale represents about 0.34% of outstanding shares.