Bank of N.T. Butterfield CEO Michael Collins Sells 207,037 Shares

What Happened
Michael W. Collins, CEO of Bank of N.T. Butterfield & Son Ltd (NTB), sold a total of 207,037 common shares in three open-market transactions. The sales occurred 2026-08-17 (75,000 shares at $62.98, proceeds $4,723,605), 2026-08-18 (70,859 shares at $61.79, proceeds $4,378,293), and 2026-08-19 (61,178 shares at $59.67, proceeds $3,650,253), for aggregate proceeds of $12,752,151. These were outright sales (S) — not purchases or option exercises — and therefore are not a bullish insider purchase signal.

Key Details

• Transaction dates and prices:
  • 2026-08-17: 75,000 shares @ $62.98 — $4,723,605
  • 2026-08-18: 70,859 shares @ $61.79 — $4,378,293
  • 2026-08-19: 61,178 shares @ $59.67 — $3,650,253
• Total shares sold: 207,037; total proceeds: $12,752,151.
• Sale type: Open-market sales (code S).
• Report filed: 2026-08-19 for transactions beginning 2026-08-17; filing appears timely (within required reporting window).
• Shares owned after the transactions: not disclosed in the information provided.
• Remark in filing: sales were made in connection with the reporting person’s long-term strategy for investment diversification and estate planning purposes.

Context
Sales by executives are often for personal financial planning and do not by themselves indicate negative company outlook. The filing does not indicate a 10b5-1 plan, tax-withholding disposition, or option exercise; it simply reports open-market sales with the stated reason of diversification and estate planning.