NTB (NTB) managing director receives multi-year restricted stock unit awards
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
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
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 shares (Direct);
Restricted Stock Units - ELTIP — 34,661 shares (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
ELTIP RSUs granted: 305 units
EDIP RSUs granted: 47 units
ELTIP RSUs after grant: 34,661 units
+3 more
6 metrics
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
Key Terms
Restricted Stock Units, ELTIP, EDIP, Grant, award, or other acquisition, +1 more
5 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"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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.