Hidalgo Tara 4

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.