NTB executive granted new restricted stock units

Pearce Jane reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Pearce Jane reported acquisition or exercise transactions in this Form 4 filing.

Bank of N.T. Butterfield & Son Ltd executive Jane Pearce, Managing Director, Trust, reported awards of restricted stock units. She received 342 RSUs under the ELTIP and 50 RSUs under the EDIP, each representing a right to receive one ordinary share upon vesting.

The RSUs vest over three years in one-third annual installments on the grant anniversaries in February 2027, 2028 and 2029, subject to continued service. After these awards, Pearce holds 38,898 ELTIP RSUs and 5,645 EDIP RSUs directly. The RSUs do not expire; they either vest and settle or are forfeited or cancelled.

Insider Trade Summary

Grant/Award: 392 shares

Grant/Award 2 txns

Insider Pearce Jane

Role Managing Director, Trust

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units - EDIP	50	$0.00	$0.00
Grant/Award	Restricted Stock Units - ELTIP	342	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units - EDIP — 5,645 contracts (Direct); Restricted Stock Units - ELTIP — 38,898 contracts (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 over three years in one-third annual installments on each anniversary of the Grant Date 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

Key Figures

ELTIP RSUs granted: 342 units EDIP RSUs granted: 50 units ELTIP RSUs held after grant: 38,898 units +4 more

7 metrics

ELTIP RSUs granted 342 units Restricted Stock Units - ELTIP grant on May 27, 2026

EDIP RSUs granted 50 units Restricted Stock Units - EDIP grant on May 27, 2026

ELTIP RSUs held after grant 38,898 units Total ELTIP restricted stock units following transaction

EDIP RSUs held after grant 5,645 units Total EDIP restricted stock units following transaction

First vesting anniversary February 12, 2027 One-third of RSUs vest, subject to continued service

Second vesting anniversary February 10, 2028 Second one-third of RSUs scheduled to vest

Third vesting anniversary February 9, 2029 Final one-third of RSUs scheduled to vest

Key Terms

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

5 terms

Restricted Stock Units financial

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

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 with 342.0000 units granted"

EDIP financial

"Restricted Stock Units - EDIP with 50.0000 units granted"

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4) describing Jane Pearce’s transactions"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What insider transaction did NTB executive Jane Pearce report on this Form 4?

Jane Pearce reported awards of restricted stock units, not open-market trades. She received 342 RSUs under the ELTIP and 50 RSUs under the EDIP, each convertible into one ordinary share upon vesting, as part of her equity compensation.

How many restricted stock units does Jane Pearce hold in NTB after these awards?

After the awards, Jane Pearce holds 38,898 ELTIP RSUs and 5,645 EDIP RSUs directly. These derivative positions represent future rights to receive ordinary shares if vesting conditions are satisfied over the stated three-year schedule.

What are the vesting terms of Jane Pearce’s NTB restricted stock units?

The restricted stock units vest over three years in one-third annual installments. Vesting occurs on each anniversary of the grant dates in February 2027, 2028 and 2029, and is conditioned on Jane Pearce’s continued service through each vesting date.

Do NTB restricted stock units granted to Jane Pearce have an expiration date?

The restricted stock units do not have a fixed expiration date. According to the disclosure, they either vest and settle into ordinary shares on the applicable vesting dates, or are forfeited or cancelled if vesting conditions are not met.

What does each NTB restricted stock unit awarded to Jane Pearce represent?

Each restricted stock unit represents a contingent right to receive one ordinary share of Bank of N.T. Butterfield & Son Ltd. Settlement occurs upon vesting, provided service-based conditions are satisfied through the scheduled vesting dates in February 2027, 2028 and 2029.

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

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

Pearce Jane

(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)
	Managing Director, Trust

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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units - EDIP	(1)	05/27/2026		A		50		(2)	(3)	Ordinary shares	50	(1)	5,645	D
Restricted Stock Units - ELTIP	(1)	05/27/2026		A		342		(4)	(3)	Ordinary shares	342	(1)	38,898	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 over three years in one-third annual installments on each anniversary of the Grant Date 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 Jane Pearce	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)