Butterfield CEO reports RSU and share movements

Rhea-AI Filing Summary

Bank of N.T. Butterfield & Son Ltd reports that Chief Executive Officer Michael W. Collins executed an equity compensation transaction involving 146,415 restricted stock units (RSUs) linked to ordinary shares and a corresponding acquisition of 146,415 ordinary shares on 2026-08-09. Following these moves, he directly holds 207,037 ordinary shares and 318,426 RSUs, each RSU representing a contingent right to receive one ordinary share upon vesting. The RSUs referenced in the footnotes vest on specified dates from February 2027 through February 2033 and do not expire, instead either vesting and settling into shares or being forfeited or cancelled.

Insider Trade Summary

146,415 shares exercised/converted

Exercise 2 txns

Insider Collins Michael W

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units - EDIP F1, F2, F3	146,415	--	--
Grant/Award	Ordinary shares F1	146,415	--	--

Holdings After Transaction: Restricted Stock Units - EDIP — 318,426 contracts (Direct); Ordinary shares — 207,037 shares (Direct)

Footnotes (3)

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 10-Feb-2027, 12-Feb-2027, 10-Feb-2028, 9-Feb-2029, 9-Feb-2030, 9-Feb-2031, 9-Feb-2032, 9-Feb-2033 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.

Key Figures

RSUs involved in transaction: 146,415 units Ordinary shares acquired: 146,415 shares Ordinary shares held after: 207,037 shares +2 more

5 metrics

RSUs involved in transaction 146,415 units Restricted stock units linked to ordinary shares on 2026-08-09

Ordinary shares acquired 146,415 shares Non-derivative ordinary shares reported acquired on 2026-08-09

Ordinary shares held after 207,037 shares Direct post-transaction holding of ordinary shares

RSUs held after 318,426 units Post-transaction restricted stock unit balance

RSU vesting window 2027-02-10 to 2033-02-09 Scheduled vesting dates for RSU tranches subject to continued service

Key Terms

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

4 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 10-Feb-2027, 12-Feb-2027, 10-Feb-2028"

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

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

FAQ

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

What did NTB CEO Michael W. Collins report in this Form 4 transaction?

Michael W. Collins reported activity involving 146,415 restricted stock units and a corresponding acquisition of 146,415 ordinary shares of Bank of N.T. Butterfield & Son Ltd on 2026-08-09, reflecting movements within his equity compensation holdings.

How many Bank of N.T. Butterfield (NTB) ordinary shares does the CEO hold after this Form 4?

After the reported transactions, Michael W. Collins directly holds 207,037 ordinary shares of Bank of N.T. Butterfield & Son Ltd, according to the post-transaction ownership figure disclosed in the Form 4 filing.

How many restricted stock units does the NTB CEO hold after these transactions?

Following the derivative transaction, Michael W. Collins holds 318,426 restricted stock units (RSUs), each representing a contingent right to receive one ordinary share upon vesting and settlement, as described in the filing’s footnotes.

What is the relationship between NTB restricted stock units and ordinary shares?

Each NTB restricted stock unit represents a contingent right to receive one ordinary share upon vesting and settlement, meaning RSUs convert into the same number of ordinary shares if the vesting conditions are satisfied.

When do the NTB restricted stock units mentioned in the footnotes vest?

The restricted stock units vest on specific dates from February 2027 through February 2033, with each tranche subject to continued service through its applicable vesting date, as outlined in the footnote disclosure.

Do the NTB restricted stock units reported by the CEO have an expiration date?

The filing states these restricted stock units do not expire; instead, they either vest and settle into ordinary shares or are forfeited or cancelled before the applicable vesting date under the plan’s terms.

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

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Available on EDGAR 08/11/2026 - 09:17 AM Accepted by SEC EDGAR 08/11/2026 - 09:17 AM 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)
08/09/2026

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
Ordinary shares	08/09/2026		A		146,415	A	(1)	207,037	D

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)	08/09/2026		M			146,415	(2)	(3)	Ordinary shares	146,415	(1)	318,426	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 10-Feb-2027, 12-Feb-2027, 10-Feb-2028, 9-Feb-2029, 9-Feb-2030, 9-Feb-2031, 9-Feb-2032, 9-Feb-2033 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.

Remarks:

	/s/ Tara Hidalgo, by power of attorney for Michael Collins	08/11/2026
	** 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)