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Bank of N.T. Butterfield (NTB) grants RSU awards to Head of Marketing

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Dallas Kevin reported acquisition or exercise transactions in this Form 4 filing.

Bank of N.T. Butterfield & Son Ltd Head of Marketing Kevin Dallas reported awards of restricted stock units under two company plans. He received 332 RSUs under the ELTIP and 44 RSUs under the EDIP, each representing a contingent right to one ordinary share upon vesting.

According to the disclosures, these RSUs vest on 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029, subject to continued service through each vesting date, and do not expire but will either vest and settle or be forfeited or cancelled. Following these awards, his reported derivative holdings under the respective plans increased to 37,708 and 5,050 units.

Positive

  • None.

Negative

  • None.
Insider Dallas Kevin
Role Head of Marketing
Type Security Shares Price Value
Grant/Award Restricted Stock Units - EDIP 44 $0.00 $0.00
Grant/Award Restricted Stock Units - ELTIP 332 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units - EDIP — 5,050 shares (Direct); Restricted Stock Units - ELTIP — 37,708 shares (Direct)
Footnotes (4)
  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 12-Feb-2027, 10-Feb-2028, 9-Feb-2029 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.
  4. F4. The PSUs will vest on the third anniversary of the Grant Date 12-Feb-2027, 10-Feb-2028, 9-Feb-2029
ELTIP RSUs granted 332 units Restricted Stock Units - ELTIP grant on May 27, 2026
EDIP RSUs granted 44 units Restricted Stock Units - EDIP grant on May 27, 2026
ELTIP RSUs after grant 37,708 units Total derivative holdings following ELTIP transaction
EDIP RSUs after grant 5,050 units Total derivative holdings following EDIP transaction
RSU vesting dates 12-Feb-2027, 10-Feb-2028, 9-Feb-2029 Vesting schedule subject to continued service
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of common stock upon vesting/settlement."
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"
PSUs financial
"The PSUs will vest on the third anniversary of the Grant Date 12-Feb-2027, 10-Feb-2028, 9-Feb-2029"
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.
vesting financial
"The restricted stock units vest 12-Feb-2027, 10-Feb-2028, 9-Feb-2029 subject to continued service through each vesting date."
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.

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

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FAQ

What insider transaction did NTB Head of Marketing Kevin Dallas report?
Kevin Dallas reported receiving restricted stock unit awards in Bank of N.T. Butterfield & Son Ltd. The filing shows 332 RSUs under the ELTIP and 44 RSUs under the EDIP, each linked to one ordinary share upon future vesting.

How many RSUs did Kevin Dallas receive in the latest NTB Form 4?
The Form 4 reports awards of 332 restricted stock units under the ELTIP and 44 restricted stock units under the EDIP. Each unit represents a contingent right to receive one ordinary share of Bank of N.T. Butterfield & Son Ltd upon vesting.

When do Kevin Dallas’s NTB restricted stock units vest?
The restricted stock units are scheduled to vest on 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029. Vesting is subject to Mr. Dallas’s continued service with Bank of N.T. Butterfield & Son Ltd through each applicable vesting date, as described in the disclosure.

Do the NTB restricted stock units reported by Kevin Dallas have an expiration date?
The filing states that these restricted stock units do not expire. Instead, they will either vest and settle into ordinary shares of Bank of N.T. Butterfield & Son Ltd or be forfeited or cancelled before the relevant vesting dates, depending on conditions.

What are Kevin Dallas’s RSU holdings in NTB after these awards?
After these awards, Mr. Dallas is reported to hold 37,708 restricted stock units under the ELTIP and 5,050 restricted stock units under the EDIP. These figures reflect his derivative holdings following the May 27, 2026 awards in Bank of N.T. Butterfield & Son Ltd.

How do the NTB RSUs reported by Kevin Dallas relate to ordinary shares?
Each restricted stock unit reported by Kevin Dallas represents a contingent right to receive one ordinary share of Bank of N.T. Butterfield & Son Ltd. Delivery of these ordinary shares will occur upon vesting and settlement of the RSUs, subject to plan conditions.
SEC Form 4
FORM 4UNITED 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*
Dallas Kevin
(Last)(First)(Middle)
65 FRONT STREET
(Street)
HAMILTONHM 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Head of Marketing
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)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units - EDIP(1)05/27/2026A44 (2) (3)Ordinary shares44(1)5,050D
Restricted Stock Units - ELTIP(1)05/27/2026A332 (4) (3)Ordinary shares332(1)37,708D
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, by power of attorney for Kevin Dallas05/29/2026
** Signature of Reporting PersonDate
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