The CEO's $3.65M open-market sale, combined with $14.6M in insider selling over 30 days, signals potential management caution. Monitor for upcoming earnings or material developments that could justify this selling. The cluster is not large enough to be highly material, but the CEO's participation elevates its significance.
Price Chart
Executive Summary
CEO Michael Collins sold $3.65M worth of NTB shares on 2026-08-19, and Managing Director Michael McWatt sold $526K on 2026-08-26, totaling $4.18M in open-market sales. This represents approximately 0.18% of NTB's $2.3B market cap, a modest but notable cluster led by the CEO. The sales are not clearly tied to a 10b5-1 plan or vesting schedule, and the CEO's sale is the largest single insider transaction in the recent 30-day window, which already saw $14.6M in total insider selling.
Key Financial Metrics
Key Facts
- CEO Michael Collins sold 61,200 shares at $59.67 for $3.65M on 2026-08-19.
- Managing Director Michael McWatt sold 9,000 shares at $58.41 for $526K on 2026-08-26.
- Total insider selling in this cluster is $4.18M, or ~0.18% of NTB's $2.3B market cap.
- The 30-day insider activity shows 6 sells totaling $14.6M, indicating sustained selling pressure.
Financial Impact
CEO sold $3.65M; total cluster $4.18M (0.18% of market cap)
Risk Factors
- Insider selling may indicate management's view that the stock is fairly valued or overvalued.
- Sustained selling pattern could precede negative news or earnings miss.
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-1787810918251 |
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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