NTB HR head granted new restricted stock units

Lee Michael Sean reported acquisition or exercise transactions in this Form 4 filing.

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Form Type

Rhea-AI Filing Summary

Lee Michael Sean reported acquisition or exercise transactions in this Form 4 filing.

Bank of N.T. Butterfield & Son Ltd executive Lee Michael Sean, Head of Human Resources, reported compensation-related equity awards. He received 47 restricted stock units (RSUs) under the ELTIP and 49 RSUs under the EDIP, each representing a right to one ordinary share upon vesting.

The RSUs carry a grant price of $0.00 and are contingent on continued service, with vesting dates extending through February 2029. Following these awards, his reported direct RSU holdings in these plans total 5,393 units under ELTIP and 5,617 units under EDIP, which will either vest and settle or be forfeited.

Insider Trade Summary

Grant/Award: 96 shares

Grant/Award 2 txns

Insider Lee Michael Sean

Role Head of Human Resources

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units - EDIP	49	$0.00	$0.00
Grant/Award	Restricted Stock Units - ELTIP	47	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units - EDIP — 5,617 contracts (Direct); Restricted Stock Units - ELTIP — 5,393 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 10-Feb-2028, 9-Feb-2029

Key Figures

ELTIP RSU grant: 47 units EDIP RSU grant: 49 units ELTIP RSUs after grant: 5,393 units +2 more

5 metrics

ELTIP RSU grant 47 units Restricted Stock Units - ELTIP granted 27-May-2026

EDIP RSU grant 49 units Restricted Stock Units - EDIP granted 27-May-2026

ELTIP RSUs after grant 5,393 units Total RSUs reported following ELTIP transaction

EDIP RSUs after grant 5,617 units Total RSUs reported following EDIP transaction

RSU vesting dates 12-Feb-2027; 10-Feb-2028; 9-Feb-2029 Service-based vesting schedule for restricted stock units

Key Terms

Restricted Stock Units, contingent right, vesting, forfeited/cancelled, +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.

contingent right financial

"represents a contingent right to receive one share of common stock"

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.

forfeited/cancelled financial

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

performance stock units (PSUs) financial

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

Performance stock units (PSUs) are a form of executive or employee pay that promise company shares only if pre-set performance goals are met over a defined period; think of them as a bonus paid in stock that arrives only when the company hits agreed targets. Investors watch PSUs because they affect the number of shares outstanding (dilution) and reveal how management’s pay is tied to financial or operational results, aligning incentives with shareholder outcomes.

FAQ

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

What insider transaction did NTB executive Lee Michael Sean report?

Lee Michael Sean reported receiving equity awards rather than trading shares. He was granted restricted stock units under two company plans, which are part of his compensation and convert into ordinary shares only if vesting conditions tied to continued service are met.

How many restricted stock units were granted to NTB’s Lee Michael Sean?

He received 47 restricted stock units under the ELTIP and 49 units under the EDIP. Each unit represents a contingent right to receive one ordinary share of Bank of N.T. Butterfield & Son Ltd when the awards vest according to the plan schedules.

Are Lee Michael Sean’s NTB restricted stock unit grants open-market purchases?

No, these are compensation grants, not market purchases. The awards were reported with transaction code A, meaning a grant or award acquisition at a price of $0.00 per unit, contingent on future vesting rather than immediate cash investment in the company’s shares.

When do the reported NTB restricted stock units for Lee Michael Sean vest?

The filing states vesting dates on 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029, subject to continued service. The RSUs either vest and settle into ordinary shares on these dates or are forfeited or cancelled if the service-based conditions are not satisfied before vesting.

Do the NTB restricted stock units reported by Lee Michael Sean expire?

The filing notes these restricted stock units do not have a standard expiration date. Instead, they either vest and settle into ordinary shares on the specified vesting dates or are forfeited or cancelled beforehand, depending on whether the vesting conditions, including continued service, are met.

What are Lee Michael Sean’s reported NTB RSU holdings after these grants?

After the grants, his direct holdings include 5,393 restricted stock units under the ELTIP and 5,617 under the EDIP. These holdings represent potential future ordinary shares if the units vest, providing equity-based compensation aligned with his ongoing employment at Bank of N.T. Butterfield & Son Ltd.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Lee Michael Sean

(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)
	Head of Human Resources

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		49		⁽²⁾	⁽³⁾	Ordinary shares	49	⁽¹⁾	5,617	D
Restricted Stock Units - ELTIP	⁽¹⁾	05/27/2026		A		47		⁽⁴⁾	⁽³⁾	Ordinary shares	47	⁽¹⁾	5,393	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 10-Feb-2028, 9-Feb-2029

Remarks:

	/s/ Tara Hidalgo, by power of attorney for Sean M. Lee	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 HR head granted new restricted stock units

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