NTB (NYSE: NTB) executive discloses RSU awards and 13,212 common shares
Rhea-AI Filing Summary
Bank of N.T. Butterfield & Son Ltd executive Jody Terence Feldman filed an initial ownership report showing equity-based awards and share holdings. He holds restricted stock units that represent contingent rights to receive common shares, plus directly owned common stock, reflecting his compensation and alignment with shareholders.
The restricted stock units tied to the bank’s common stock vest in tranches on 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029, subject to continued service. These units do not expire; they either vest and settle into shares or are forfeited or cancelled before vesting.
Positive
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Negative
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Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Feldman Jody Terence
Role
Managing Director, Bermuda
| 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 — 39,674 shares (Direct);
Bank of N.T. Butterfield & Son Ltd — 13,212 shares (Direct)
Footnotes (4)
- F1. The restricted stock units vest 12-Feb-2027, 10-Feb-2028, 9-Feb-2029 subject to continued service through each vesting date.
- F2. These restricted stock units do not expire; they either vest and settle or are forfeited/cancelled prior to the applicable vesting date.
- F3. Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting/settlement.
- F4. The PSUs will vest on the third anniversary of the Grant Date 12-Feb-2027,10-Feb-2028 9-Feb-2029
Key Figures
RSUs underlying shares (grant 1): 5,318 shares
RSUs underlying shares (grant 2): 34,356 shares
Direct common shares: 13,212 shares
+2 more
5 metrics
RSUs underlying shares (grant 1)
5,318 shares
Restricted stock units tied to NTB common stock
RSUs underlying shares (grant 2)
34,356 shares
Additional restricted stock units tied to NTB common stock
Direct common shares
13,212 shares
Direct ownership of Bank of N.T. Butterfield & Son Ltd
RSU vesting dates
12-Feb-2027, 10-Feb-2028, 9-Feb-2029
Vesting subject to continued service
RSU exercise price
$0.0000 per unit
Restricted stock units settle into shares at no exercise cost
Key Terms
Restricted Stock Units, PSUs, contingent right, vesting
4 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.
PSUs financial
"The PSUs will vest on the third anniversary of the Grant Date 12-Feb-2027,10-Feb-2028 9-Feb-2029"
PSUs are company shares promised to employees or executives that only become actual stock if the business hits specific performance targets over a set period. For investors, PSUs matter because they link pay to measurable outcomes — similar to a conditional bonus that converts into ownership — which can influence management decisions, dilution of shares, and signals about confidence in future results.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of common stock"
vesting financial
"subject to continued service through each vesting date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does NTB’s Form 3 filing by Jody Terence Feldman show?
The Form 3 shows Jody Terence Feldman’s initial ownership in Bank of N.T. Butterfield & Son Ltd, including restricted stock units and directly held common shares, establishing his starting equity position as a Managing Director, Bermuda at the company.
How many NTB restricted stock units does Jody Terence Feldman report on Form 3?
Jody Terence Feldman reports restricted stock units tied to 5,318 underlying shares and an additional grant tied to 34,356 underlying shares, giving him substantial contingent rights to receive Bank of N.T. Butterfield & Son Ltd common stock upon future vesting events.
When do Jody Terence Feldman’s NTB restricted stock units vest?
The restricted stock units are scheduled to vest on 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029, assuming he remains in service through each vesting date. Vesting converts these units into common shares of Bank of N.T. Butterfield & Son Ltd.
Do NTB restricted stock units reported by Jody Terence Feldman expire?
The restricted stock units do not expire. According to the disclosure, they either vest and settle into common shares of Bank of N.T. Butterfield & Son Ltd or are forfeited or cancelled before the applicable vesting date, depending on continued service conditions.