Bank of N.T. Butterfield (NTB) MD Jody Feldman Receives Stock Award

What Happened

• Jody Terence Feldman, Managing Director (Bermuda) at Bank of N.T. Butterfield & Son Ltd (NTB), was granted two awards totaling 339 restricted/contingent stock units on 2026-08-26 (45 units and 294 units). No cash price or open‑market transaction is reported — these are awards (transaction code A) representing derivative rights to receive shares upon vesting.

Key Details

• Transaction date: 2026-08-26; Form 4 filed 2026-08-27 (timely filing).
• Award amounts: 45 units and 294 units, total 339 units. Price: N/A (awarded, not purchased).
• Vesting/settlement: Footnotes indicate these are restricted stock units (RSUs) / performance/time-based units:
  • F1: Each RSU is a contingent right to one common share on vesting.
  • F2: Vesting dates include 9-Feb-2027, 10-Feb-2027, 12-Feb-2027, 9-Feb-2028, 10-Feb-2028, 9-Feb-2029 (subject to continued service).
  • F4: The PSUs vest on the third anniversary of grant dates (e.g., 12-Feb-2027, 10-Feb-2028, 9-Feb-2029).
  • F3: Units do not expire; they either vest/settle or are forfeited before vesting.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: appears timely (filed one day after the transaction); no late filing flag reported.

Context

• These awards are compensation (not an open‑market buy or sell). RSUs/PSUs are derivative awards that convert into common shares only upon satisfying vesting conditions (service and, if applicable, performance/time conditions). Such grants are routine for executive compensation and do not on their own indicate immediate bullish or bearish trading by the insider.