CEO Michael Collins Sells $3.56M in Open Market Transactions
NTB sits 46% above its 52-week low of $40.59.
Summary
CEO Michael Collins sold $3.56 million of company stock in open market transactions, occurring while the stock traded near its 52-week high.
Key Events · Ownership and Investor Activity · NTB
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CEO Sells Shares
Chief Executive Officer Michael Collins disposed of 60,621 ordinary shares through open market sales.
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Significant Transaction Value
The total value of these sales amounted to $3,557,568.
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Timing Near 52-Week High
The transactions occurred between June 12 and June 16, 2026, while the company's stock was trading near its 52-week high of $59.36.
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Follows Intent to Sell
This Form 4 reports the execution of sales that were preceded by a Form 144 filed on June 12, 2026, indicating the CEO's intent to sell.
Analysis · NTB · Finance
Chief Executive Officer Michael Collins sold over $3.5 million worth of shares in open market transactions. While the filing states these sales are for investment diversification, a significant sale by a CEO, especially when the stock is trading near its 52-week high, can be interpreted by the market as a signal of reduced conviction or a move to lock in gains. This follows a Form 144 filed on June 12, indicating his intent to sell.
At the time of this filing, NTB was trading at $59.11 on NYSE in the Finance sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $40.59 to $59.36. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.