Bank of N.T. Butterfield (NTB) Chief Risk Officer Receives Award

What Happened
Andrew Ronald Burns, Chief Risk Officer (Cayman) of Bank of N.T. Butterfield & Son Ltd (NTB), received two equity awards on 2026-08-26: 50 and 397 restricted stock/performance units (total 447 units). These were granted as derivative awards (no cash paid; price listed as N/A) and represent contingent rights to receive common shares if and when the awards vest/settle.

Key Details

• Transaction date: 2026-08-26; Form 4 filed 2026-08-27 (filed the next business day).
• Grant details: 50 RSUs and 397 RSUs/PSUs (total 447 units); acquisition code A (award/grant). No purchase price (N/A) — these are not open-market purchases.
• Vesting/terms: Awards are restricted stock units or performance stock units that vest on dates between Feb 2027 and Feb 2029 (subject to continued service). The filing notes RSUs convert 1:1 to shares on vesting and do not expire; PSUs vest on third anniversaries of grant dates.
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: appears timely (filed one day after the grant date).

Context
These awards are grants, not sales or market purchases — they give Burns a contingent right to future shares if service and performance/vesting conditions are met. For retail investors, grants are routine compensation and do not indicate an immediate change in insider share ownership or intent to buy/sell unless and until the units vest and are settled.