Butterfield director awarded 49 RSUs

CUMMINGS STEPHEN E reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

CUMMINGS STEPHEN E reported acquisition or exercise transactions in this Form 4 filing.

Bank of N.T. Butterfield & Son Ltd director Stephen E. Cummings received a grant of 49 restricted stock units (RSUs) linked to ordinary shares. Each RSU is a contingent right to one share and vests starting 30 days after the grant date over two years, subject to continued service. These RSUs do not expire; they either vest and settle or are forfeited or cancelled. Following this award, Cummings holds 5,531 derivative units related to the stock.

Insider Trade Summary

Grant/Award: 49 shares

Grant/Award 1 txn

Insider CUMMINGS STEPHEN E

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units - EDIP	49	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units - EDIP — 5,531 contracts (Direct)

Footnotes (3)

1. F1. Each restricted stock unit represents a contingent right to receive one share of Common Stock upon vesting/settlement.
2. F2. The restricted stock units vest 30 days after the grant date over two years, subject to continued service through each vesting period.
3. F3. These restricted stock units do not expire; they either vest and settle or are forfeited/cancelled prior to the applicable vesting date.

Key Figures

RSU grant size: 49 restricted stock units Post-transaction derivative holdings: 5,531 units Vesting start period: 30 days +1 more

4 metrics

RSU grant size 49 restricted stock units Grant of derivative awards on Ordinary shares

Post-transaction derivative holdings 5,531 units Total derivative units following RSU grant

Vesting start period 30 days Vesting begins 30 days after grant date

Vesting duration 2 years RSUs vest over two years, subject to service

Key Terms

Restricted Stock Units, contingent right, vest, forfeited/cancelled

4 terms

Restricted Stock Units financial

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

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

"represents a contingent right to receive one share of Common Stock"

vest financial

"The restricted stock units vest 30 days after the grant date over two years"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

forfeited/cancelled financial

"they either vest and settle or are forfeited/cancelled prior to the applicable vesting date"

FAQ

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

What did NTB director Stephen E. Cummings report on this Form 4?

Stephen E. Cummings reported receiving 49 restricted stock units (RSUs) in Bank of N.T. Butterfield & Son Ltd. Each RSU represents a contingent right to receive one ordinary share, reflecting equity-based compensation rather than a market purchase or sale of existing shares.

How many NTB-related units does Stephen E. Cummings hold after this RSU grant?

After the grant, Stephen E. Cummings holds 5,531 derivative units tied to Bank of N.T. Butterfield & Son Ltd. This total includes the newly awarded 49 restricted stock units and provides a snapshot of his equity-based compensation position following the reported transaction.

How do the new NTB restricted stock units for Stephen E. Cummings vest?

The 49 restricted stock units granted to Stephen E. Cummings vest starting 30 days after the grant date over a two-year period. Vesting is conditioned on continued service through each vesting period, meaning units that do not meet this requirement can be forfeited.

What does each NTB restricted stock unit represent for Stephen E. Cummings?

Each restricted stock unit granted to Stephen E. Cummings represents a contingent right to receive one ordinary share of Bank of N.T. Butterfield & Son Ltd. The units convert into shares only upon vesting and settlement; otherwise, they may be cancelled or forfeited if conditions are not met.

Do the NTB restricted stock units granted to Stephen E. Cummings have an expiration date?

The restricted stock units granted to Stephen E. Cummings do not have a traditional expiration date. According to the disclosure, they either vest and settle into ordinary shares upon meeting conditions or are forfeited or cancelled before the relevant vesting date if requirements are not satisfied.

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

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Accepted by SEC EDGAR 05/29/2026 - 02:01 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CUMMINGS STEPHEN E

(Last) (First) (Middle)

65 FRONT STREET

(Street)

HAMILTON HM 12

(City) (State) (Zip)

BERMUDA

(Country)

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

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

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

2a. Foreign Trading Symbol
[NTB.BH]

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units - EDIP	(1)	05/27/2026		A		49		(2)	(3)	Ordinary shares	49	(1)	5,531	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Common Stock upon vesting/settlement.

2. The restricted stock units vest 30 days after the grant date over two years, subject to continued service through each vesting period.

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

Remarks:

	/s/ Tara Hidalgo, by power of attorney for Stephen Cummings	05/29/2026
	** 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 4 (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 4: SEC 1474 (03-26)