Are there any performance share units (PSUs) mentioned in this NTB Form 4 filing?

Yes. A footnote notes that PSUs will vest on the third anniversary of grant dates 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029. The excerpt does not specify PSU quantities but clarifies their vesting timing relative to the original grant dates.

NTB risk chief granted new RSU awards

Hidalgo Tara reported acquisition or exercise transactions in this Form 4 filing.

Filing Impact

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Hidalgo Tara reported acquisition or exercise transactions in this Form 4 filing.

Bank of N.T. Butterfield & Son Ltd Chief Risk Officer Tara Hidalgo received new share-based awards as part of her compensation. She was granted 379 restricted stock units under the ELTIP and 51 restricted stock units under the EDIP, each representing one ordinary share upon vesting.

After these grants, Hidalgo holds 43,083 ELTIP units and 5,775 EDIP units directly. The units vest on 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029, subject to continued service, and will either vest and settle in shares or be forfeited. These are awards, not open-market share purchases or sales.

Insider Trade Summary

Grant/Award: 430 shares

Grant/Award 2 txns

Insider Hidalgo Tara

Role Chief Risk Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units - EDIP	51	$0.00	$0.00
Grant/Award	Restricted Stock Units - ELTIP	379	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units - EDIP — 5,775 contracts (Direct); Restricted Stock Units - ELTIP — 43,083 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

ELTIP RSUs granted: 379 units EDIP RSUs granted: 51 units ELTIP RSUs outstanding after grant: 43,083 units +2 more

5 metrics

ELTIP RSUs granted 379 units Grant on 27-May-2026 to Chief Risk Officer

EDIP RSUs granted 51 units Grant on 27-May-2026 to Chief Risk Officer

ELTIP RSUs outstanding after grant 43,083 units Direct holdings following 27-May-2026 grant

EDIP RSUs outstanding after grant 5,775 units Direct holdings following 27-May-2026 grant

Vesting dates 12-Feb-2027; 10-Feb-2028; 9-Feb-2029 RSU and PSU vesting schedule subject to continued service

Key Terms

Restricted Stock Units, ELTIP, EDIP, vesting, +1 more

5 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.

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"

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.

PSUs financial

"The PSUs will vest on the third anniversary of the Grant Date"

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 did NTB executive Tara Hidalgo report in this Form 4 filing?

Tara Hidalgo reported receiving new restricted stock unit awards, not trading stock. She was granted 379 ELTIP RSUs and 51 EDIP RSUs, each convertible into one ordinary share if vesting conditions tied to continued service are met on future dates.

How many restricted stock units did NTB grant to Tara Hidalgo and under which plans?

NTB granted Tara Hidalgo 379 restricted stock units under the ELTIP and 51 under the EDIP. Each unit represents one ordinary share upon vesting, reflecting routine equity-based compensation rather than open-market buying or selling of the company’s stock.

When do Tara Hidalgo’s new NTB restricted stock units vest?

The restricted stock units vest on 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029, provided she remains in service through each date. Upon vesting, each unit is settled in one ordinary share, otherwise it may be forfeited or cancelled before vesting.

How many NTB restricted stock units does Tara Hidalgo hold after these grants?

After the new awards, Tara Hidalgo holds 43,083 ELTIP restricted stock units and 5,775 EDIP restricted stock units directly. These positions represent future rights to receive ordinary shares if vesting conditions are satisfied over the scheduled vesting dates.

Do the NTB restricted stock units granted to Tara Hidalgo have an expiration date?

The filing states these restricted stock units do not expire. Instead, they either vest and settle in ordinary shares on their scheduled vesting dates or are forfeited or cancelled beforehand if vesting conditions, such as continued service, are not met.

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

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Accepted by SEC EDGAR 05/29/2026 - 02:01 PM

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^*

Hidalgo Tara

(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 Risk 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units - EDIP	⁽¹⁾	05/27/2026		A		51		⁽²⁾	⁽³⁾	Ordinary shares	51	⁽¹⁾	5,775	D
Restricted Stock Units - ELTIP	⁽¹⁾	05/27/2026		A		379		⁽⁴⁾	⁽³⁾	Ordinary shares	379	⁽¹⁾	43,083	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 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	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)

Source: View Original Filing on SEC EDGAR

NTB risk chief granted new RSU awards

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