Bank of Butterfield (NYSE: NTB) gives CEO 6,515 new RSUs

Rhea-AI Filing Summary

Collins Michael W reported acquisition or exercise transactions in this Form 4 filing.

Bank of N.T. Butterfield & Son Ltd Chief Executive Officer Michael W. Collins received new equity awards in the form of restricted stock units. On May 27, 2026, he was granted 2,571 EDIP restricted stock units, 2,424 ELTIP restricted stock units, and 1,520 additional EDIP restricted stock units.

Each restricted stock unit represents a contingent right to receive one ordinary share upon vesting or settlement. The footnotes indicate various vesting schedules extending from August 9, 2026 through February 9, 2033, and the awards do not expire but either vest and settle or are forfeited or cancelled.

Following these awards, Collins’ reported holdings for the respective RSU lines increased to 292,132, 275,452 and 172,706 units, showing these are compensation-related grants rather than open‑market purchases or sales.

Insights

Equity compensation analyst

CEO receives routine RSU grants as part of equity compensation.

Chief Executive Officer Michael W. Collins received three awards totaling 6,515 restricted stock units tied to ordinary shares. Code A and the zero exercise price show these are grants or awards, not market purchases, consistent with long‑term incentive compensation programs.

The footnotes describe multi‑year vesting dates from 2026 through 2033, indicating these units are designed to retain and incentivize the CEO over time. Because there are no open‑market sales or purchases and no cash amounts disclosed, the filing is best viewed as a routine compensation update rather than a thesis‑changing event.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Collins Michael W

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units - EDIP	1,520	$0.00	$0.00
Grant/Award	Restricted Stock Units - ELTIP	2,424	$0.00	$0.00
Grant/Award	Restricted Stock Units - EDIP	2,571	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units - EDIP — 464,838 shares (Direct); Restricted Stock Units - ELTIP — 275,452 shares (Direct)

Footnotes (5)

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 9-Aug-2026, 12-Feb-2027, 10-Feb-2028
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
5. F5. The restricted stock units vest 9-Feb-2033 subject to continued service through each vesting date.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/29/2026 - 02:00 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^*

Collins Michael W

(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)

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

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		1,520		(2)	(3)	Ordinary shares	1,520	(1)	172,706	D
Restricted Stock Units - ELTIP	(1)	05/27/2026		A		2,424		(4)	(3)	Ordinary shares	2,424	(1)	275,452	D
Restricted Stock Units - EDIP	(1)	05/27/2026		A		2,571		(5)	(3)	Ordinary shares	2,571	(1)	292,132	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 9-Aug-2026, 12-Feb-2027, 10-Feb-2028

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

5. The restricted stock units vest 9-Feb-2033 subject to continued service through each vesting date.

Remarks:

	/s/ Tara Hidalgo, by power of attorney for Michael Collins	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)