The concentrated selling by the CEO, COO, and a managing director without any insider buying is a bearish signal for NTB. Traders should monitor for upcoming earnings or regulatory filings that could explain the coordinated reduction.
Price Chart
Executive Summary
Two insiders at Bank of N.T. Butterfield & Son sold a combined $1.36M in shares over a 5-day window, including the COO and a Managing Director. This follows a larger $12.8M sale by the CEO in the prior week, forming a 7-day cluster of $14.2M in total insider selling. The selling is concentrated among senior executives and represents 0.57% of the company's $2.5B market cap, a modest but notable proportion. The cluster is amplified by the CEO's recent larger sales and the absence of any insider buying, suggesting a coordinated reduction of exposure ahead of potential headwinds in the commercial banking sector, though the dollar amount relative to market cap does not indicate extreme distress.
Key Financial Metrics
Key Facts
- CEO Michael Collins sold $12.75M in open-market sales over 3 days (Aug 14-19), the largest insider sales in the cluster.
- COO Michael Neff sold $350K on Aug 14, and Managing Director Jane Pearce sold $1.01M on Aug 18.
- Total insider selling in the 7-day window is $14.2M, or 0.57% of NTB's $2.5B market cap.
- No insider purchases were reported in the cluster, creating a one-sided selling pattern.
- The cluster includes multiple C-suite executives (CEO, COO) and a senior managing director, increasing the signal weight.
Financial Impact
Total insider selling of $14.2M represents 0.57% of NTB's $2.5B market cap, a modest but concentrated reduction by top executives.
Risk Factors
- Insider sales may be pre-planned under 10b5-1 plans, reducing their informational content.
- The selling could be driven by personal liquidity needs or portfolio diversification rather than a bearish view on the company.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NTB-1787198699696 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 6-K | $59.69 | awaiting T+20 | — | $60.15 (+0.77%) |
Sep 18, 2026 5w ago | 6-K | $59.15 $58.35 | ▼ −1.35% | ▼ −0.44% | $60.15 (+1.69%) |
Aug 26, 2026 8w ago | Insider Cluster | $59.13 $58.95 | ▼ −0.30% | ▼ −0.59% | $60.15 (+1.73%) |
Aug 26, 2026 8w ago | Insider Cluster | $59.13 $58.95 | ▲ +0.30% | ▲ +0.59% | $60.15 (−1.73%) |
Aug 19, 2026 9w ago | Insider Cluster | $58.66 $59.41 | ▼ −1.28% | ▼ −1.15% | $60.15 (−2.54%) |
Aug 14, 2026 10w ago | 6-K | $62.96 $59.62 | ▼ −5.30% | ▼ −3.33% | $60.15 (−4.46%) |
Aug 14, 2026 10w ago | 6-K | $62.96 $59.62 | ▼ −5.30% | ▼ −3.33% | $60.15 (−4.46%) |
Aug 5, 2026 11w ago | Insider Cluster | $62.00 $60.97 | ▼ −1.66% | ▼ −2.26% | $60.15 (−2.98%) |
Aug 5, 2026 11w ago | Insider Cluster | $62.00 $60.97 | ▼ −1.66% | ▼ −2.26% | $60.15 (−2.98%) |
Jul 31, 2026 12w ago | Insider Cluster | $61.29 $59.30 | ▲ +3.25% | ▲ +6.23% | $60.15 (+1.86%) |
US Market Status
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