Bank of N.T. Butterfield (NYSE: NTB) CEO details 146,415 RSUs and new share holdings
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.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 146,415 shares
Net Buy
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 shares (Direct);
Ordinary shares — 207,037 shares (Direct)
Footnotes (3)
- 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 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.
- 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
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 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.
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.
