NTB CEO Michael Collins sold 60,621 shares for $3,557,567.67 across 3 sales Jun 12-16 at $58.69-$58.77 avg; position halved to 60,622 shares remaining.
Michael W Collins, Chief Executive Officer of Bank of N.T. Butterfield & Son Ltd, executed 3 separate sales totaling 60,621 shares for $3,557,567.67 between June 12 and June 16, 2026, at prices ranging $58.53–$58.77 with a blended average of $58.69. The sales reduced his shareholding by exactly 50.0%, from 121,243 to 60,622 shares. The execution occurred near the stock's 52-week high of $59.36 (current price $59.11 is -0.4% from that peak), and follows strong recent price momentum: +8.1% over 30 days and +16.3% over 90 days. As a CEO, Collins's material reduction in equity stake represents a substantial shrinkage of his direct ownership exposure and merits examination of whether this reflects a shift in his balance-sheet positioning relative to company performance.