Kevin Dallas (NTB) details RSU awards and common share holdings

Rhea-AI Filing Summary

Bank of N.T. Butterfield & Son Ltd executive Kevin Dallas, Head of Marketing, filed an initial ownership report showing his equity stake in the company. The filing lists 15,834 shares of common stock held directly, plus two blocks of restricted stock units that can convert into shares.

These include 5,006 RSUs and 37,376 RSUs, each representing a contingent right to receive one common share upon vesting and settlement at an exercise price of $0.0000 per unit. According to the footnotes, these RSUs either vest and settle or are forfeited or cancelled and do not have a fixed expiration date.

The footnotes state that the restricted stock units, including performance stock units, are scheduled to vest on February 12, 2027, February 10, 2028, and February 9, 2029, subject to Mr. Dallas’s continued service through each vesting date. The filing does not show any new purchases or sales, only the existing holdings and unvested awards.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Dallas Kevin

Role Head of Marketing

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

Holdings After Transaction: Restricted Stock Units — 42,382 shares (Direct); Bank of N.T. Butterfield & Son Ltd — 15,834 shares (Direct)

Footnotes (4)

1. F1. The restricted stock units vest 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

Direct common shares: 15,834 shares RSUs grant 1: 5,006 units RSUs grant 2: 37,376 units +2 more

5 metrics

Direct common shares 15,834 shares Total common stock held directly after reported holdings

RSUs grant 1 5,006 units Restricted stock units, each for one NTB share

RSUs grant 2 37,376 units Restricted stock units, each for one NTB share

RSU exercise price $0.0000 per unit Exercise/settlement price for restricted stock units

Vesting dates Feb 12 2027, Feb 10 2028, Feb 9 2029 Scheduled vesting for RSUs/PSUs subject to continued service

Key Terms

Restricted Stock Units, performance stock units, contingent right

3 terms

Restricted Stock Units financial

"The restricted stock units vest 12-Feb-2027, 10-Feb-2028, 9-Feb-2029 subject to continued service"

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.

performance stock units financial

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

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.

contingent right financial

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

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

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FAQ

What does the NTB Form 3 filing by Kevin Dallas show?

The Form 3 shows Head of Marketing Kevin Dallas’s existing ownership in Bank of N.T. Butterfield & Son Ltd, including common shares and restricted stock units that may convert into common stock if vesting conditions are met over future years.

How many NTB common shares does Kevin Dallas report owning?

Kevin Dallas reports holding 15,834 shares of Bank of N.T. Butterfield & Son Ltd common stock directly. This figure reflects his reported ownership after the transactions shown, which are classified as holdings rather than new purchases or sales.

How many NTB restricted stock units does Kevin Dallas hold?

He holds two RSU positions: one for 5,006 units and another for 37,376 units. Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting and settlement, at an exercise price of $0.0000 per unit.

When do Kevin Dallas’s NTB restricted stock units vest?

The restricted stock units, including performance stock units, are scheduled to vest on February 12, 2027, February 10, 2028, and February 9, 2029. Vesting is conditioned on Mr. Dallas remaining in service through each specified vesting date.

Do Kevin Dallas’s NTB RSUs have an expiration date or cost to exercise?

The RSUs have an exercise price of $0.0000 and do not expire in the typical option sense. According to the disclosure, they either vest and settle into common stock or are forfeited or cancelled before the applicable vesting date.

Does the NTB Form 3 show Kevin Dallas buying or selling shares?

The filing categorizes all entries as holdings, with transaction direction marked as unknown and no buy or sell codes. It functions as an initial statement of beneficial ownership rather than a record of new market purchases or sales.

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^*

Dallas Kevin

(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)
	Head of Marketing

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	15,834	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	5,006	$0(3)	D
Restricted Stock Units	(4)	(2)	Bank of N.T. Butterfield & Son Ltd RSU	37,376	$0(3)	D

Explanation of Responses:

1. The restricted stock units vest 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 Kevin Dallas	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)