Bank of N.T. Butterfield (NTB) CRO Tara Hidalgo Receives Award

What Happened
Tara Hidalgo, Chief Risk Officer of Bank of N.T. Butterfield & Son Ltd (NTB), was granted two equity awards on 2026-08-26 totaling 414 derivative units (49 units and 365 units). These were reported as awards/grants (derivative securities) with no purchase price or cash consideration reported (price shown as N/A), so no immediate cash value is disclosed in the Form 4.

Key Details

• Transaction date: 2026-08-26; Form 4 filed 2026-08-27 (timely filing).
• Awards: 49 units and 365 units — total 414 restricted stock units/PSUs. Reported as derivative awards (code A).
• Price/Value: N/A on the filing (grant awards, not open-market trades).
• Shares owned after transaction: not specified in the information provided on the Form 4.
• Relevant footnotes from the filing:
  • F1: Each restricted stock unit (RSU) equals a contingent right to one share upon vesting/settlement.
  • F2: RSUs vest on specified dates (9-Feb-2027, 10-Feb-2027, 12-Feb-2027, 9-Feb-2028, 10-Feb-2028, 9-Feb-2029) subject to continued service.
  • F3: These RSUs do not expire; they either vest/settle or are forfeited prior to vesting.
  • F4: PSUs (performance stock units) vest on the third anniversary of the grant dates (listed as 12-Feb-2027, 10-Feb-2028, 9-Feb-2029).

Context
These were compensation awards (RSUs/PSUs), not purchases or sales. Awards are common as part of executive pay and do not necessarily indicate immediate bullish or bearish insider trading sentiment because they typically vest over time and may be subject to service and performance conditions. The Form 4 lists these as derivative grants — they represent a future right to receive shares if vesting conditions are met.