Form 4: Jane Pearce Receives NTB Restricted Stock Units

Bank of N.T. Butterfield & Son Ltd Managing Director Jane Pearce was granted restricted stock units as part of equity compensation.

Summary

• Jane Pearce, Managing Director of Trust at Bank of N.T. Butterfield & Son Ltd, received a grant of 50 Restricted Stock Units (EDIP) and 342 Restricted Stock Units (ELTIP).
• The grants were issued on May 27, 2026.
• Each unit represents a contingent right to receive one ordinary share of the company upon vesting.
• The units vest in annual installments over a three-year period ending in 2029.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing regarding standard executive compensation.

Positives

• Alignment of management interests with shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• Vesting is subject to continued service requirements through each anniversary date.
• Units are subject to forfeiture or cancellation if service conditions are not met.

Future Outlook

The reporting person will receive ordinary shares upon the successful vesting of the units on the specified dates in 2027, 2028, and 2029, provided service conditions are met.

Industry Context

StockSavvy.ai notes that this is a routine disclosure of executive equity compensation, which is standard practice for publicly traded financial institutions to incentivize long-term performance.

Comparison to Industry Standards

• The use of multi-year vesting schedules for restricted stock units is consistent with standard corporate governance practices in the banking sector.

Stakeholder Impact

• Minimal impact on shareholders as this represents standard executive compensation.

Next Steps

• Vesting of the first installment of units on February 12, 2027.

Key Dates

Keywords

NTB, Bank of N.T. Butterfield & Son, Insider Trading, Form 4, Equity Compensation, Restricted Stock Units