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  4. [Form 4] Bank of N.T. Butterfield & Son Ltd Insider Trading Activity

Butterfield (NYSE: NTB) CEO Collins sells 60,621 shares, keeps similar stake

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Bank of N.T. Butterfield & Son Ltd Chief Executive Officer Michael W. Collins reported open-market sales of ordinary shares. Across three transactions on June 12, June 15, and June 16, he sold a total of 60,621 shares at prices around $58 per share. After these sales, Collins directly owns 60,622 ordinary shares, indicating he reduced roughly half of his reported direct stake while retaining a substantial remaining holding.

Positive

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Negative

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Insights

CEO executed about $3.6M in open-market sales, retaining a similar-sized stake.

Chief Executive Officer Michael W. Collins reported three open-market sales of ordinary shares in Bank of N.T. Butterfield & Son Ltd. He sold 20,000 shares on June 12, 20,000 on June 15, and 20,621 on June 16 at prices near $58.5 per share.

The transactions total 60,621 shares sold, while Collins continues to hold 60,622 shares directly, with no derivative positions reported in this filing. This suggests a sizable but not full reduction of his disclosed equity exposure, leaving a comparable remaining stake.

The filing does not reference any Rule 10b5-1 trading plan or tax-related dispositions, so these appear as discretionary open-market sales. Future company filings may provide additional context on his overall compensation mix and equity holdings.

Insider Collins Michael W
Role Chief Executive Officer
Sold 60,621 shs ($3.56M)
Type Security Shares Price Value
Sale Ordinary shares 20,621 $58.7692 $1.21M
Sale Ordinary shares 20,000 $58.5297 $1.17M
Sale Ordinary shares 20,000 $58.7547 $1.18M
Holdings After Transaction: Ordinary shares — 60,622 shares (Direct)
Total shares sold 60,621 shares Aggregate open-market sales reported in Form 4
Shares sold on June 12 20,000 shares at $58.7547 Ordinary share sale on June 12, 2026
Shares sold on June 15 20,000 shares at $58.5297 Ordinary share sale on June 15, 2026
Shares sold on June 16 20,621 shares at $58.7692 Ordinary share sale on June 16, 2026
Shares held after transactions 60,622 shares Direct ordinary share ownership after sales
Net buy/sell direction Net sell of 60,621 shares transactionSummary netBuySellShares and direction
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Ordinary shares financial
"security_title: "Ordinary shares""
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
transaction code "S" financial
"transaction_code: "S""
net-sell financial
"netBuySellDirection: "net-sell""

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What did NTB CEO Michael W. Collins report in this Form 4?
He reported selling 60,621 ordinary shares of Bank of N.T. Butterfield & Son Ltd in three open-market transactions at prices around $58.5 per share, and he continues to directly own 60,622 ordinary shares after these sales.

Over what dates did NTB’s CEO sell shares and at what prices?
Michael W. Collins sold shares on June 12, June 15, and June 16. Reported average prices per share were about $58.75, $58.53, and $58.77, reflecting closely grouped open-market sale prices across the three days.

How many Bank of N.T. Butterfield (NTB) shares does the CEO still hold?
After the reported transactions, Michael W. Collins directly owns 60,622 ordinary shares of Bank of N.T. Butterfield & Son Ltd. This position remains after selling a total of 60,621 shares across three open-market trades in mid-June 2026.

Were the NTB CEO’s reported transactions open-market sales or another type?
All three transactions are classified as open-market sales of non-derivative ordinary shares under transaction code “S.” The filing describes them as sales in open-market or private transactions, with no indication of gifts, tax withholdings, or derivative exercises involved.

Did NTB’s CEO exercise any options or trade derivatives in this Form 4?
No derivative transactions are shown in this Form 4. The derivativeSummary section is empty, and each reported trade involves non-derivative ordinary shares only, indicating no option exercises, conversions, or other derivative-related activities in this particular filing.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Collins Michael W
(Last)(First)(Middle)
65 FRONT STREET
(Street)
HAMILTONHM 12
(City)(State)(Zip)
BERMUDA
(Country)		2. Issuer Name and Ticker or Trading Symbol
Bank of N.T. Butterfield & Son Ltd [ NTB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
[NTB.BH]
3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Ordinary shares06/12/2026S20,000D$58.7547101,243D
Ordinary shares06/15/2026S20,000D$58.529781,243D
Ordinary shares06/16/2026S20,621D$58.769260,622D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
Remarks:
The sales were made in connection with the reporting person's long-term strategy for investment diversification.
/s/ Tara Hidalgo, by power of attorney for Michael Collins06/16/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR