No actionable signal. Director-level sales of this size are routine portfolio diversification. Monitor for any C-suite open-market sales or buys, which carry more informational content per the insider-trading literature.
Price Chart
Executive Summary
Two NTB directors sold a combined $1.04M in open-market sales over two days, while the CEO and CFO received non-cash equity grants and exercised derivatives with zero economic value. The sales represent ~0.04% of market cap — trivial and routine for a $2.5B bank. No bearish signal from this cluster.
Key Financial Metrics
Key Facts
- Director John R Wright sold 5,000 shares at $59.50 for $298K on 2026-08-04
- Managing Director Michael McWatt sold 12,000 shares at $61.78 for $741K on 2026-08-05
- CEO Michael W Collins received 146,415 shares via grant and exercised derivatives — both $0 non-cash events
- CFO Michael Schrum received 73,208 shares via grant and exercised derivatives — both $0 non-cash events
- Total open-market sales of $1.04M represent ~0.04% of NTB's $2.5B market cap
Financial Impact
$1.04M in insider sales, 0.04% of market cap — immaterial
Risk Factors
- No material risk identified from this filing
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-1786526015809 |
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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