Bank of N.T. Butterfield CEO Michael Collins Receives 146,415 RSUs

What Happened Michael W. Collins, CEO of Bank of N.T. Butterfield & Son Ltd (NTB), had 146,415 restricted stock units (RSUs granted) reported on Aug 9, 2026 and a concurrent exercise/conversion of a derivative for 146,415 units. No per-share price or cash value is reported (N/A) because these are restricted stock units rather than an open-market trade or cash exercise.

Key Details

• Transaction date: August 9, 2026; Form 4 filed August 11, 2026 (timely filing).
• Reported transactions: Code A (award/grant) — 146,415 RSUs; Code M (exercise/conversion of derivative) — 146,415 RSUs.
• Price/Proceeds: N/A — RSUs are not reported with an exercise price or immediate sale proceeds.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: Each RSU = contingent right to receive one share upon vesting/settlement.
  • F2: Vesting schedule: 10‑Feb‑2027, 12‑Feb‑2027, 10‑Feb‑2028, 9‑Feb‑2029, 9‑Feb‑2030, 9‑Feb‑2031, 9‑Feb‑2032, 9‑Feb‑2033 — subject to continued service.
  • F3: RSUs do not expire; they either vest/settle or are forfeited before vesting.

Context This filing documents an equity award and the conversion/exercise of a derivative into RSUs — not a cash purchase or sale. RSUs represent a contingent right to future shares and generally deliver value only upon vesting (subject to service conditions), so this is not an immediate liquidity event or sale.