Dallas Kevin 4

What Happened

• Kevin Dallas, Head of Marketing at Bank of N.T. Butterfield & Son Ltd (NTB), received two awards totaling 376 derivative units (44 and 332) on 2026-05-27. The Form 4 lists these as grant/award transactions (code A). No cash price is reported because these are restricted/performance stock units rather than open-market purchases.

Key Details

• Transaction date: 2026-05-27; Form 4 filed: 2026-05-29 (filed two days after the grant, appearing timely).
• Award details: 44 RSUs and 332 RSUs (total = 376 units); price listed as N/A (derivative awards).
• Vesting: Units are contingent rights to one common share each upon vesting. Vesting dates are 12‑Feb‑2027, 10‑Feb‑2028 and 9‑Feb‑2029 (subject to continued service). PSUs/awards will vest on the third anniversary of each grant date as noted in the filing.
• Expiration and forfeiture: The units do not expire; they either vest and settle or are forfeited/cancelled prior to vesting.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Filed within two days of the grant date—appears timely; no late-filing flag in the report.

Context

• These awards are compensation grants (restricted stock units / performance stock units). They represent a contingent right to receive shares upon meeting service/vesting (and possibly performance) conditions and do not reflect an immediate purchase or sale. Such grants are common executive compensation and are not, by themselves, a clear buy/sell signal for investors.