NTB executive Form 3 details RSU and share holdings

Accepted by SEC EDGAR 04/01/2026 - 01:39 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Bank of N.T. Butterfield & Son Ltd filed an initial insider ownership report for Jane Pearce, Managing Director, Trust. The filing shows she directly holds 16,367 common shares and two blocks of restricted stock units that can convert into 5,595 and 38,556 shares, respectively.

The restricted stock units have an exercise price of 0.0000 and vest over three years in one-third annual installments on each anniversary of the listed grant dates, subject to continued service. Each unit represents a contingent right to receive one common share upon vesting and will either vest and settle or be forfeited or cancelled. The filing also notes performance stock units scheduled to vest on the third anniversary of the same grant dates.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Pearce Jane

Role Managing Director, Trust

Type	Security	Shares	Price	Value
Holding	Restricted Stock Units	--	--	--
Holding	Restricted Stock Units	--	--	--
Holding	Bank of N.T. Butterfield & Son Ltd	--	--	--

Holdings: Restricted Stock Units — 44,151 contracts (Direct); Bank of N.T. Butterfield & Son Ltd — 16,367 shares (Direct)

Footnotes (4)

1. F1. The restricted stock units vest over three years in one-third annual installments on each anniversary of the Grant Date 12-Feb-2027, 10-Feb-2028,9-Feb-2029 subject to continued service through each vesting date.
2. F2. These restricted stock units do not expire; they either vest and settle or are forfeited/cancelled prior to the applicable vesting date.
3. F3. Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting/settlement.
4. F4. The PSUs will vest on the third anniversary of the Grant Date 12-Feb-2027, 10-Feb-2028, 9-Feb-2029

Key Figures

Common shares held: 16,367 shares RSU underlying shares (grant 1): 5,595 shares RSU underlying shares (grant 2): 38,556 shares +2 more

5 metrics

Common shares held 16,367 shares Total common shares directly held following the Form 3

RSU underlying shares (grant 1) 5,595 shares Underlying common shares for one RSU award at $0.0000 exercise price

RSU underlying shares (grant 2) 38,556 shares Underlying common shares for second RSU award at $0.0000 exercise price

RSU exercise price $0.0000 per share Exercise price for the restricted stock units reported

RSU vesting schedule Three-year, one-third annual installments Vesting over three years from grant dates, subject to continued service

Key Terms

Restricted Stock Units, contingent right, performance stock units, vesting date

4 terms

Restricted Stock Units financial

"The restricted stock units vest over three years in one-third annual installments"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

contingent right financial

"Each restricted stock unit represents a contingent right to receive one share"

performance stock units financial

"The PSUs will vest on the third anniversary of the Grant Date"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

vesting date financial

"subject to continued service through each vesting date"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Bank of N.T. Butterfield & Son Ltd (NTB) Form 3 for Jane Pearce show?

The Form 3 reports initial holdings for Jane Pearce as a Managing Director. It lists 16,367 common shares plus restricted stock units tied to 5,595 and 38,556 underlying shares, outlining how her equity-based compensation is structured.

How many Bank of N.T. Butterfield & Son Ltd common shares does Jane Pearce hold directly?

Jane Pearce directly holds 16,367 common shares of Bank of N.T. Butterfield & Son Ltd. This position is separate from her restricted stock units and reflects her existing direct ownership reported as of the filing’s reference date.

How many restricted stock units does Jane Pearce report in NTB’s Form 3?

The filing lists two restricted stock unit positions tied to 5,595 and 38,556 underlying common shares. Each restricted stock unit represents a contingent right to receive one common share if vesting conditions are satisfied over time.

How do Jane Pearce’s restricted stock units in NTB vest and settle?

The restricted stock units vest over three years in one-third annual installments on each anniversary of the grant dates. Vesting is subject to continued service, and vested units settle into common shares or are forfeited or cancelled if conditions are not met.

What does the Form 3 say about performance stock units (PSUs) for Jane Pearce at NTB?

The footnotes state that PSUs will vest on the third anniversary of the grant dates listed. These units depend on vesting conditions over a multi-year period, adding a performance-based component to her overall equity compensation package.

What is the exercise price of Jane Pearce’s restricted stock units at Bank of N.T. Butterfield & Son Ltd?

The restricted stock units have an exercise price of 0.0000 per share. This means that, upon vesting, each unit can settle into one share of common stock without additional cash payment, subject to the vesting and service conditions described.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Pearce Jane

(Last) (First) (Middle)

65 FRONT STREET

(Street)

HAMILTON HM 12

(City) (State) (Zip)

BERMUDA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/31/2026

3. Issuer Name and Ticker or Trading Symbol
Bank of N.T. Butterfield & Son Ltd [ NTB ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Managing Director, Trust

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Bank of N.T. Butterfield & Son Ltd	16,367	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	(2)	Bank of N.T. Butterfield & Son Ltd RSU	5,595	$0(3)	D
Restricted Stock Units	(4)	(2)	Bank of N.T. Butterfield & Son Ltd RSU	38,556	$0(3)	D

Explanation of Responses:

1. The restricted stock units vest over three years in one-third annual installments on each anniversary of the Grant Date 12-Feb-2027, 10-Feb-2028,9-Feb-2029 subject to continued service through each vesting date.

2. These restricted stock units do not expire; they either vest and settle or are forfeited/cancelled prior to the applicable vesting date.

3. Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting/settlement.

4. The PSUs will vest on the third anniversary of the Grant Date 12-Feb-2027, 10-Feb-2028, 9-Feb-2029

	Tara Hidalgo, by power of attorney for Jane Pearce	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)