CEO Michael Collins Files to Sell $13.2M in Butterfield Shares
NTB sits 55% above its 52-week low of $40.59.
Summary
CEO Michael Collins plans to sell $13.2 million in Butterfield shares, acquired through restricted vesting, adding to his recent insider sales.
Key Events · Ownership and Investor Activity · NTB
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CEO Files to Sell $13.2M
Chairman & CEO Michael Collins has filed a Form 144 to sell 207,037 ordinary shares valued at approximately $13.2 million.
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Shares from Restricted Vesting
The shares were acquired on 08/17/2026 through restricted vesting, indicating a new tranche of equity compensation.
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Prior Insider Sales
Collins sold $3.56 million in June 2026, and this new filing represents a materially larger proposed sale.
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Stock Near 52-Week High
The stock is trading near its 52-week high of $64.17, which may explain the timing of the sale.
Analysis · NTB · Finance
A significant insider sale is on the horizon: CEO Michael Collins has filed a Form 144 to sell 207,037 shares worth approximately $13.2 million, acquired through restricted vesting on the same day. This follows his prior $3.56 million sale in June 2026, and the stock is trading near its 52-week high, which may explain the timing. The sale represents a notable portion of the company's market cap and could pressure the stock.
How filings like this one have moved
In the 30 days to Aug 23, 2026, 29.5% of the 2875 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NTB was trading at $62.96 on NYSE in the Finance sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $40.59 to $64.17. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.