Bank of N.T. Butterfield (NTB) Director Stephen E. Cummings Receives Award

What Happened
Stephen E. Cummings, a director of Bank of N.T. Butterfield & Son Ltd (NTB), was granted 44 restricted stock units (RSUs) on August 26, 2026. The award is reported as a derivative grant (no per-share price or immediate cash value is shown). This is an equity award (not an open-market purchase or sale) and does not represent immediate buying or selling of shares.

Key Details

• Transaction date: 2026-08-26; Form 4 filed 2026-08-27 (filed the next business day).
• Transaction type: A = Award/Grant of 44 restricted stock units (derivative). Price: N/A.
• Shares owned after transaction: Not specified in the filing.
• Footnotes from the filing:
  • F1: Each RSU is a contingent right to receive one common share upon vesting.
  • F2: RSUs vest beginning 30 days after the grant date, over a two-year schedule, subject to continued service.
  • F3: RSUs do not expire; they either vest and settle or are forfeited before vesting.
• Filing timeliness: Reported promptly (next-day filing), so no late-filing indication.

Context
RSU grants are common compensation for directors and executives and represent a future right to receive shares if vesting conditions are met; they are not an immediate purchase or sale and do not necessarily signal a change in insider sentiment. Upon vesting, the RSUs will convert to common shares (or be settled per company plan) subject to the described service-based vesting schedule.