Bank of N.T. Butterfield (NTB) HR Head Lee Michael Sean Receives Award

What Happened

• Lee Michael Sean, Head of Human Resources at Bank of N.T. Butterfield & Son Ltd (NTB), was granted two equity awards on 2026-08-26: 48 and 46 restricted stock units (total 94). The grants are reported as derivative awards (code A) with no per-share price or immediate cash value disclosed. These awards are compensation grants rather than open‑market purchases or sales.

Key Details

• Transaction date: 2026-08-26; Form 4 filed 2026-08-27 (timely).
• Transaction type/code: A = Grant / Award (restricted stock units / performance stock units), reported as derivative.
• Share counts: 48 RSUs and 46 RSUs (total 94 units). No dollar amount or per-share price provided.
• Vesting / terms (footnotes): F1 — each restricted stock unit converts to one share upon vesting. F2 — certain RSUs vest on 9‑Feb‑2027, 10‑Feb‑2027, 9‑Feb‑2028, 10‑Feb‑2028 and 9‑Feb‑2029, subject to continued service. F4 — PSUs vest on the third anniversary of the grant date (10‑Feb‑2028). F3 — the RSUs do not expire; they either vest and settle or are forfeited prior to vesting.
• Shares owned after transaction: Not specified in the filing.

Context

• These awards are compensation-based restricted/performance units that convert to common shares only if vesting conditions are met; they are not an immediate market purchase or sale. Such grants are routine for executive and senior staff compensation and do not by themselves signal a buy/sell market action.