Bank of N.T. Butterfield (NTB) MD Richard Saunders Sells 18,118 Shares

What Happened

• Richard Saunders, Managing Director, CIUK at Bank of N.T. Butterfield & Son Ltd (NTB), sold 18,118 shares in an open-market transaction on July 31, 2026. The shares were disposed at $61.33 each, generating proceeds of approximately $1,111,092. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date and price: July 31, 2026 — sale of 18,118 shares at $61.33 per share.
• Total value: ~ $1,111,092.
• Transaction type/code: Sale (S) — open market or private sale as reported.
• Shares owned after transaction: Not specified in the filing.
• Footnotes / special instructions: No 10b5-1 plan, tax-withholding, or other notes were indicated on the reported transaction.
• Filing timeliness: The Form 4 was filed with the same transaction date (July 31, 2026); no late filing was indicated.

Context

• Sales by insiders can be routine (diversification, tax needs, compensation liquidity) and do not necessarily signal a change in company outlook. Purchases typically carry more weight as a bullish indicator. This report documents a sizable single-day sale by a senior manager but contains no extra details on motive or a trading plan.