Hidalgo Tara 4
4 · Bank of N.T. Butterfield & Son Ltd · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
Bank of N.T. Butterfield (NTB) CRO Tara Hidalgo Receives RSU Award
What Happened
Tara Hidalgo, Chief Risk Officer of Bank of N.T. Butterfield & Son Ltd (NTB), received two restricted stock unit awards on 2026-05-27: 51 RSUs and 379 RSUs (total 430 RSUs). These are derivative compensation awards (code A on the Form 4) with no purchase price listed—they represent contingent rights to receive one share per RSU if and when they vest, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-27 (Form 4 filed 2026-05-29). Filing appears timely.
- Awards: 51 RSUs and 379 RSUs (total 430 RSUs); per-share price: N/A (awards/grants).
- Vesting: Awards vest subject to continued service—listed vest dates include 12-Feb-2027, 10-Feb-2028, and 9-Feb-2029. Footnotes indicate the units do not expire and PSUs/RSUs vest on the third anniversary of their grant dates where applicable.
- Shares owned after transaction: not specified in the information provided in this summary.
- Transaction code: A = Award/Grant. No 10b5-1 plan, tax-withholding, or late-filing flag was reported in the supplied filing details.
Context
Restricted stock units are compensation awards that convert into actual shares only upon vesting; they do not represent immediate share ownership or a cash purchase by the insider. Such grants are routine forms of executive pay and do not, by themselves, indicate whether the insider expects near-term stock price moves.
Insider Transaction Report
- Award
Restricted Stock Units - EDIP
[F1][F2][F3]2026-05-27+51→ 5,775 total→ Ordinary shares (51 underlying) - Award
Restricted Stock Units - ELTIP
[F1][F4][F3]2026-05-27+379→ 43,083 total→ Ordinary shares (379 underlying)
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 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