The cluster is mild in dollar terms and involves mostly senior operational executives. Without a 10b5-1 plan disclosure or a concurrent negative corporate event, insider sells carry weak predictive power. Monitor upcoming quarterly earnings for any deterioration in net interest income or credit quality; the selling may reflect routine diversification rather than a bearish signal.
Price Chart
Executive Summary
Five NTB insiders, including two Chief Risk Officers and three Managing Directors, sold a total of $4.58M in open-market transactions over a 7-day window. The sales represent 0.18% of the company's $2.5B market cap, a modest amount that does not typically predict negative stock performance based on academic literature on insider sells.
Key Financial Metrics
Key Facts
- 5 insiders sold shares totaling $4.58M from July 30 to August 5, 2026
- Two Chief Risk Officers (Hidalgo, Burns) sold ~$2.28M combined
- Three Managing Directors (McWatt, Saunders, Feldman) sold ~$2.30M combined
- No open-market purchases reported in the same window
- Sales represent 0.18% of NTB's $2.5B market capitalization
Financial Impact
Modest insider selling of $4.58M, approximately 0.18% of market cap
Risk Factors
- Insider selling could accelerate if management anticipates headwinds such as margin compression or asset quality issues
- Lack of insider buying reinforces no bullish conviction from the executive team
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-1785964285109 |
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers