Collins Michael W 4

What Happened
Michael W. Collins, CEO of Bank of N.T. Butterfield & Son Ltd (NTB), reported three open-market sales totaling 60,621 shares for aggregate proceeds of about $3,557,568. The individual sales were: 20,000 shares on 2026-06-12 at $58.75 ($1,175,094); 20,000 shares on 2026-06-15 at $58.53 ($1,170,594); and 20,621 shares on 2026-06-16 at $58.77 ($1,211,880). These were sales (not purchases) and the filing notes they were made in connection with a long-term investment diversification strategy.

Key Details

• Transaction dates and prices:
  • 2026-06-12 — 20,000 shares @ $58.75 = $1,175,094
  • 2026-06-15 — 20,000 shares @ $58.53 = $1,170,594
  • 2026-06-16 — 20,621 shares @ $58.77 = $1,211,880
• Total shares sold: 60,621; total proceeds: ~$3,557,568.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes: Filing states the sales were made for long-term investment diversification; no 10b5-1 plan, tax-withholding, or other special codes were disclosed in the summary provided.
• Filing timeliness: Form 4 was filed on 2026-06-16. Because SEC Form 4s are generally due within two business days of a transaction, the 2026-06-12 sale appears to have been reported after that typical window; the filing does not indicate any exemption.

Context
These transactions are routine insider sales to diversify holdings rather than purchases that might signal increased insider conviction. Sales reduce the insider’s stake but, absent additional context (like a 10b5-1 plan or a change in ownership percentage), they should not be taken alone as a definitive signal about the company’s outlook.