Burns Andrew Ronald 4

What Happened

• Andrew Ronald Burns, Chief Risk Officer (Cayman) of Bank of N.T. Butterfield & Son Ltd (NTB), received two equity awards on 2026-05-27 totaling 464 restricted stock units (52 RSUs and 412 RSUs).
• The awards are reported as grants (transaction code A); no purchase price or immediate cash value is listed (price = N/A) because these are contingent derivative awards that convert to common shares only upon vesting.

Key Details

• Transaction date: 2026-05-27; Form 4 filed: 2026-05-29 (timely — within the two-business-day reporting window).
• Price: N/A (these are RSU/PSU awards, not open-market purchases or sales).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes summary:
  • F1: Each restricted stock unit (RSU) equals a contingent right to one share upon vesting.
  • F2: The RSUs vest on 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029, subject to continued service.
  • F3: These RSUs do not expire; they either vest/settle or are forfeited before vesting.
  • F4: Performance stock units (PSUs), where applicable, will vest on the third anniversary of their grant dates (matching the dates above).

Context

• These awards are compensation/retention grants and will only become actual shares if and when they vest; they are not an immediate purchase or sale. Such grants are common for executives and are primarily a compensation matter rather than a direct signal of near-term buying or selling intent.