Bank of N.T. Butterfield (NTB) MD Jane Pearce Receives 378 RSUs

What Happened

• Jane Pearce, Managing Director, Trust at Bank of N.T. Butterfield & Son Ltd (NTB), received two awards of restricted stock units (RSUs) on 2026-08-26: 48 RSUs and 330 RSUs, for a total of 378 RSUs. No cash was paid (price reported as N/A) — these are equity awards (derivative interests) as part of compensation, not open-market purchases or sales.

Key Details

• Transaction date: 2026-08-26; Form 4 filed 2026-08-27 (timely filing, one day later).
• Award amounts: 48 RSUs and 330 RSUs (total 378 RSUs); acquisition price: N/A.
• Shares owned after transaction: not specified in the filing.
• Footnotes (summary):
  • Each RSU is a contingent right to receive one common share upon vesting/settlement (F1).
  • The RSUs vest on specified future dates (multiple dates in Feb 2027–Feb 2029) subject to continued service (F2).
  • These RSUs do not expire; they either vest and settle or are forfeited prior to vesting (F3).
  • Some performance stock units (PSUs) noted will vest on the third anniversary of their grant dates (F4).
• Transaction code: A (Award/Grant).

Context

• These awards are compensation-related equity grants that convert into common shares only if vesting conditions are met; they are not purchases that signal immediate insider buying. Such grants are routine for executives and typically tied to continued service (and sometimes performance). The filing was submitted promptly the next day and does not indicate any sale, exercise for cash, or tax-withholding disposition at this time.