Michael W. Collins, Chief Executive Officer of Bank of N.T. Butterfield & Son Ltd, filed a Form 4 on August 11, 2026, disclosing the acquisition of 146,415 ordinary shares through the settlement of Restricted Stock Units under the company's EDIP plan, with the earliest transaction dated August 9, 2026.

Key Highlights

  • Transaction type: 146,415 Restricted Stock Units (EDIP) were converted (transaction code M) into 146,415 ordinary shares on August 9, 2026.
  • Resulting direct ownership: Following the transaction, Collins directly beneficially owns 207,037 ordinary shares.
  • Remaining RSU balance: Collins holds 318,426 Restricted Stock Units - EDIP following the reported transaction.
  • Vesting schedule: The RSUs vest on eight separate dates ranging from February 10, 2027 through February 9, 2033, subject to continued service through each vesting date.
  • No expiration: According to the filing, these RSUs do not expire; they either vest and settle or are forfeited/cancelled prior to the applicable vesting date.
  • Price disclosed: No price is listed for the RSU conversion in the filing.

Collins' RSU Settlement and Ownership Position at Bank of N.T. Butterfield

According to the Form 4 filed August 11, 2026, Michael W. Collins, identified as Chief Executive Officer of Bank of N.T. Butterfield & Son Ltd (NYSE:NTB), reported a transaction dated August 9, 2026. The filing reflects the conversion of 146,415 Restricted Stock Units under the company's EDIP program (transaction code M) into an equivalent number of ordinary shares, with each restricted stock unit representing, as described in the filing, "a contingent right to receive one share of common stock upon vesting/settlement."

Following the reported transaction, the filing discloses that Collins directly beneficially owns 207,037 ordinary shares. In the derivative securities table, the filing reports that Collins holds 318,426 Restricted Stock Units - EDIP remaining after the transaction. The filing notes that the RSUs vest across eight future dates: February 10, 2027; February 12, 2027; February 10, 2028; February 9, 2029; February 9, 2030; February 9, 2031; February 9, 2032; and February 9, 2033, each contingent on continued service through the respective vesting date.

The form was signed by Tara Hidalgo, by power of attorney for Michael Collins, and dated August 11, 2026. The filing also lists a foreign trading symbol of NTB.BH. Collins' address is listed as 65 Front Street, Hamilton, HM 12, Bermuda.

What Was Disclosed

The filing reports the settlement of 146,415 EDIP Restricted Stock Units into ordinary shares by the CEO of Bank of N.T. Butterfield & Son Ltd on August 9, 2026, resulting in direct beneficial ownership of 207,037 ordinary shares and a remaining RSU balance of 318,426 units.