Butterfield CRO granted new restricted stock units
Burns Andrew Ronald reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Burns Andrew Ronald reported acquisition or exercise transactions in this Form 4 filing.
Bank of N.T. Butterfield & Son Ltd’s Chief Risk Officer for Cayman, Andrew Ronald Burns, reported new equity awards of restricted stock units. On 27-May-2026, he received 412 RSUs under the ELTIP and 52 RSUs under the EDIP as compensation grants, not open‑market purchases.
Each unit represents a right to receive one ordinary share upon vesting. The RSUs vest on 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029, subject to continued service, and will either vest and settle or be forfeited. After these awards, he holds 46,789 ELTIP RSUs and 5,933 EDIP RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 464 shares
Grant/Award
2 txns
Insider
Burns Andrew Ronald
Role
Chief Risk Officer, Cayman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units - EDIP | 52 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units - ELTIP | 412 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units - EDIP — 5,933 contracts (Direct);
Restricted Stock Units - ELTIP — 46,789 contracts (Direct)
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting/settlement.
- F2. The restricted stock units vest 12-Feb-2027, 10-Feb-2028, 9-Feb-2029 subject to continued service through each vesting date.
- F3. These restricted stock units do not expire; they either vest and settle or are forfeited/cancelled prior to the applicable vesting date.
- 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 granted (ELTIP): 412 units
RSUs granted (EDIP): 52 units
ELTIP RSUs after grant: 46,789 units
+3 more
6 metrics
RSUs granted (ELTIP)
412 units
Awarded 27-May-2026 as compensation grant
RSUs granted (EDIP)
52 units
Awarded 27-May-2026 as compensation grant
ELTIP RSUs after grant
46,789 units
Direct holdings following 412-unit grant
EDIP RSUs after grant
5,933 units
Direct holdings following 52-unit grant
First vesting date
12-Feb-2027
Initial vesting for RSU and PSU awards
Later vesting dates
10-Feb-2028 and 9-Feb-2029
Subsequent vesting dates subject to continued service
Key Terms
Restricted Stock Units, ELTIP, EDIP, vesting, +2 more
6 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting/settlement."
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.
ELTIP financial
"Restricted Stock Units - ELTIP"
EDIP financial
"Restricted Stock Units - EDIP"
vesting financial
"The restricted stock units vest 12-Feb-2027, 10-Feb-2028, 9-Feb-2029 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.
forfeited/cancelled financial
"These restricted stock units do not expire; they either vest and settle or are forfeited/cancelled prior to the applicable vesting date."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did NTB report for Andrew Ronald Burns on this Form 4?
The Form 4 reports that Andrew Ronald Burns received restricted stock unit awards, not open-market trades. He was granted 412 RSUs under the ELTIP and 52 RSUs under the EDIP, each representing rights to ordinary shares upon future vesting and settlement.
What is the vesting schedule for the NTB restricted stock units granted to Burns?
The restricted stock units vest over three dates: 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029. Vesting is contingent on continued service through each date. Units that do not satisfy vesting conditions will be forfeited or canceled instead of settling into ordinary shares.
How many NTB restricted stock units does Burns hold after these grants?
Following the reported grants, Burns holds 46,789 ELTIP restricted stock units and 5,933 EDIP restricted stock units directly. Each unit represents a contingent right to receive one ordinary share, subject to vesting conditions outlined in the applicable long-term incentive and deferred incentive plans.
Do the NTB restricted stock units reported on this Form 4 have expiration dates?
The restricted stock units do not have traditional expiration dates. According to the disclosure, the awards either vest and settle into ordinary shares on scheduled vesting dates or are forfeited or canceled before those dates if conditions, such as continued service, are not met.
AI-generated analysis. How Rhea-AI works. Not financial advice.
