The simultaneous, similarly-sized sales by two senior risk officers on the same day is unusual and suggests a shared catalyst (e.g., upcoming earnings, regulatory change, or strategic review). Monitor for an 8-K or earnings release in the next 2-4 weeks. The lack of any insider buying in the cluster reinforces the bearish signal.
Price Chart
Executive Summary
Four NTB insiders sold a combined $3.84M in open-market sales over a 3-day window (July 29-31, 2026). The sales are clustered in both time and size, with two senior risk officers and two managing directors each selling similar dollar amounts (~$1.1M each), suggesting a coordinated or programmatic exit rather than opportunistic individual trades. At $2.5B market cap, the $3.84M represents ~0.15% of market cap — modest but notable for a cluster of this concentration.
Key Financial Metrics
Key Facts
- Four insiders sold a total of $3.84M in open-market sales over 3 days
- Two Chief Risk Officers (Hidalgo, Burns) each sold ~$1.14M on the same day (July 30)
- Managing Director Saunders sold $1.11M on July 31; Managing Director Feldman sold $450K on July 29
- Sales represent ~0.15% of NTB's $2.5B market cap
- No insider purchases occurred in the cluster window
Financial Impact
$3.84M in insider sales, ~0.15% of market cap
Risk Factors
- Sales may be 10b5-1 plan-driven or tax-related, reducing informational content
- No insider purchases to offset the selling signal
- Potential upcoming negative catalyst (earnings miss, regulatory action)
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-1785567940076 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 18, 2026 5w ago | 6-K | $59.15 $58.35 | ▼ −1.35% | ▼ −0.44% | $60.30 (+1.94%) |
Aug 26, 2026 8w ago | Insider Cluster | $59.13 $58.95 | ▼ −0.30% | ▼ −0.59% | $60.30 (+1.98%) |
Aug 26, 2026 8w ago | Insider Cluster | $59.13 $58.95 | ▲ +0.30% | ▲ +0.59% | $60.30 (−1.98%) |
Aug 19, 2026 9w ago | Insider Cluster | $58.66 $59.41 | ▼ −1.28% | ▼ −1.15% | $60.30 (−2.80%) |
Aug 14, 2026 10w ago | 6-K | $62.96 $59.62 | ▼ −5.30% | ▼ −3.33% | $60.30 (−4.22%) |
Aug 14, 2026 10w ago | 6-K | $62.96 $59.62 | ▼ −5.30% | ▼ −3.33% | $60.30 (−4.22%) |
Aug 5, 2026 11w ago | Insider Cluster | $62.00 $60.97 | ▼ −1.66% | ▼ −2.26% | $60.30 (−2.74%) |
Aug 5, 2026 11w ago | Insider Cluster | $62.00 $60.97 | ▼ −1.66% | ▼ −2.26% | $60.30 (−2.74%) |
Jul 31, 2026 12w ago | Insider Cluster | $61.29 $59.30 | ▲ +3.25% | ▲ +6.23% | $60.30 (+1.62%) |
Jul 31, 2026 12w ago | Insider Cluster | $61.29 $59.30 | ▼ −3.25% | ▼ −6.23% | $60.30 (−1.62%) |
US Market Status
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