Feldman Jody Terence 4

What Happened
Feldman Jody Terence, Managing Director (Bermuda) at Bank of N.T. Butterfield & Son Ltd (NTB), was granted two equity awards on 2026-05-27 totaling 352 units (47 units + 305 units). These grants are derivative awards (restricted stock units and/or performance stock units) with no purchase price reported (N/A). This is an award/grant (not a purchase or sale) — typically a compensation/retention event rather than an immediate market trade.

Key Details

• Transaction date: 2026-05-27; Form 4 filed 2026-05-29 (timely filing).
• Grants: 47 units and 305 units, total = 352 units. Price per unit: N/A (awarded).
• Shares owned after transaction: not specified in this filing.
• Footnotes: F1–F4 indicate these are restricted stock units/PSUs (each RSU = right to one share on vesting), vesting dates tied to continued service (vesting on 12‑Feb‑2027, 10‑Feb‑2028, 9‑Feb‑2029), PSUs vest on third anniversary of each grant date, and units do not expire but vest or are forfeited.
• Transaction code: A = Award/Grant (derivative).

Context
Restricted stock units (RSUs) and performance stock units (PSUs) are contingent rights to receive shares if vesting conditions are met (here, service- and/or performance-based vesting through 2029). Because these are awards rather than open-market purchases or sales, they are compensation-related and do not by themselves signal an insider buying or selling shares.