Initial Filing of Equity Holdings by Richard Saunders

This filing details the initial equity holdings of Richard Saunders, Managing Director, UKCI at Bank of N.T. Butterfield & Son Ltd. Saunders directly holds 18,117 shares of common stock. Additionally, he has been granted 5904 Restricted Stock Units (RSUs) with a vesting date of February 12, 2027, and 37,125 RSUs with vesting dates of February 10, 2028, and February 9, 2029. These RSUs are contingent rights to receive common stock upon vesting and are subject to continued service. The RSUs do not expire; they will either vest and settle or be forfeited/cancelled before the vesting date. The conversion or exercise price for all RSUs is zero.