NTB (NYSE: NTB) executive Jane Pearce awarded new restricted stock units
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
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 shares (Direct);
Restricted Stock Units - ELTIP — 38,898 shares (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 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.
- 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 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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.