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  4. [Form 4] Bank of N.T. Butterfield & Son Ltd Insider Trading Activity

NTB executive granted new restricted stock units

Feldman Jody Terence reported acquisition or exercise transactions in this Form 4 filing.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Feldman Jody Terence reported acquisition or exercise transactions in this Form 4 filing.

Bank of N.T. Butterfield & Son Ltd Managing Director, Bermuda, Jody Terence Feldman received new stock-based compensation. He was granted 305 restricted stock units (RSUs) under the ELTIP and 47 RSUs under the EDIP, each representing a right to receive one ordinary share upon vesting.

The RSUs vest in tranches on 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029, subject to continued service. Following these grants, Feldman holds 34,661 ELTIP RSUs and 5,365 EDIP RSUs directly, which will either vest and settle into shares or be forfeited if conditions are not met.

Positive

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Insider Feldman Jody Terence
Role Managing Director, Bermuda
Type Security Shares Price Value
Grant/Award Restricted Stock Units - EDIP 47 $0.00 $0.00
Grant/Award Restricted Stock Units - ELTIP 305 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units - EDIP — 5,365 contracts (Direct); Restricted Stock Units - ELTIP — 34,661 contracts (Direct)
Footnotes (4)
  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 12-Feb-2027, 10-Feb-2028, 9-Feb-2029 subject to continued service through each vesting date.
  3. F3. These restricted stock units do not expire; they either vest and settle or are forfeited/cancelled prior to the applicable vesting date.
  4. F4. The PSUs will vest on the third anniversary of the Grant Date 12-Feb-2027, 10-Feb-2028, 9-Feb-2029
ELTIP RSUs granted 305 units Grant of Restricted Stock Units - ELTIP on 27-May-2026
EDIP RSUs granted 47 units Grant of Restricted Stock Units - EDIP on 27-May-2026
ELTIP RSUs after grant 34,661 units Total ELTIP RSUs following transaction, direct ownership
EDIP RSUs after grant 5,365 units Total EDIP RSUs following transaction, direct ownership
Vesting dates 12-Feb-2027, 10-Feb-2028, 9-Feb-2029 RSU vesting schedule subject to continued service
RSU grant price $0.00 per unit Compensation awards, not open-market purchases
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"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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 transaction did NTB executive Jody Terence Feldman report on this Form 4?
Jody Terence Feldman reported receiving restricted stock units as compensation. He was granted 305 RSUs under the ELTIP and 47 RSUs under the EDIP, each convertible into one ordinary share if vesting conditions are satisfied over future dates.

How many restricted stock units did NTB’s Feldman hold after these awards?
After the awards, Feldman held 34,661 ELTIP RSUs and 5,365 EDIP RSUs directly. These positions represent potential future ordinary shares, depending on whether the service-based vesting conditions through the specified vesting dates are ultimately met.

When do Jody Terence Feldman’s new NTB restricted stock units vest?
The RSUs are scheduled to vest on 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029. Vesting is subject to Feldman’s continued service with the company through each vesting date before settlement into ordinary shares can occur.

Do the NTB restricted stock units granted to Feldman have an expiration date?
The filing states these restricted stock units do not expire. They will either vest and settle into ordinary shares on the scheduled vesting dates or be forfeited or cancelled if the applicable vesting conditions are not satisfied before those dates.

Are Feldman’s NTB RSU grants open-market purchases or compensation awards?
The transactions are classified as grant/award acquisitions with a transaction code A, not open-market purchases. They represent stock-based compensation awarded at a price of $0.00 per unit, contingent on meeting service-based vesting conditions over several years.

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

Form 4 Insider Transactions: What Each Field Means →
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SEC Form 4
FORM 4UNITED 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*
Feldman Jody Terence
(Last)(First)(Middle)
65 FRONT STREET
(Street)
HAMILTONHM 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Managing Director, Bermuda
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)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units - EDIP(1)05/27/2026A47 (2) (3)Ordinary shares47(1)5,365D
Restricted Stock Units - ELTIP(1)05/27/2026A305 (4) (3)Ordinary shares305(1)34,661D
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 12-Feb-2027, 10-Feb-2028, 9-Feb-2029 subject to continued service through each vesting date.
3. These restricted stock units do not expire; they either vest and settle or are forfeited/cancelled prior to the applicable vesting date.
4. The PSUs will vest on the third anniversary of the Grant Date 12-Feb-2027, 10-Feb-2028, 9-Feb-2029
Remarks:
/s/ Tara Hidalgo, by power of attorney for Jody Feldman05/29/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

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