$NTB

Feldman Jody Terence sold $450K of NTB

Feldman Jody Terence (Managing Director, Bermuda) sold 7,500 shares of Bank of N.T. Butterfield & Son Ltd (NTB) at $59.94 ($0.45M total) on 2026-07-29.

Original reporting
SEC EDGAR · Feldman Jody Terence
Published Jul 31, 2026, 6:39 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Jul 31, 2026, 6:44 PM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
alphai market briefInsider activity
Primary signal
$NTB
Neutral
medium confidence
Mentioned
$NTB
Relevance
4/10
alphai data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$NTBNeutralLow
01

Why it matters

The newest fact is the disclosed open-market sale amount, price, and post-transaction holdings by a managing director.

02

Market read

Traders may note insider selling, but there is no accompanying fundamental or regulatory development in the text.

03

What to watch

The filing does not state motivations, and it explicitly notes no pre-arranged 10b5-1 plan, which can increase headline sensitivity without proving bearish intent.

Relevance 4/10Novelty 3/10Timing: filed 2026-07-31, transaction dated 2026-07-29

Background

The article is an SEC Form 4 insider transaction disclosure for Bank of N.T. Butterfield & Son Ltd (NTB).

Company-level read

Ticker impact

$NTBNeutralMedium confidence
Context

Form 4 shows Bank of N.T. Butterfield & Son Ltd insider Jody Terence Feldman sold 7,500 shares at $59.9380 on 2026-07-29.

Expected impact

Likely limited near-term impact; any effect is more sentiment than fundamentals.

Evidence & confidence

The filing is a Form 4 insider transaction, but it does not include new company guidance, financial results, or regulatory action. The absence of a 10b5-1 plan can raise interpretation risk, yet the article provides no linkage to business developments.

Market effects

Minimal, as this is a single-company insider sale without sector-wide catalyst.

None indicated; transaction is company-specific.

None indicated; no deal, macro, or regulatory spillover described.

Counterpoint

Insider sales can be driven by diversification, taxes, or pre-existing personal needs, so the signal may be noise.

Key entities

  • Bank of N.T. Butterfield & Son Ltd

    Subject of the Form 4 insider transaction disclosure.

  • Jody Terence Feldman

    Managing Director, Bermuda, who sold shares in an open-market transaction.

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

Related articles

$NTBMedAI 8/10

Butterfield set for KBRA rating downgrade if acquisition closes

KBRA may downgrade Butterfield Bank's long-term credit ratings by one notch if its $1.8B acquisition of CIBC Caribbean closes. The deal, expected to double Butterfield's size, will change its balance sheet and increase lending exposure. KBRA notes potential downgrade due to transaction scale, but expects strong earnings and liquidity.

$NTBMed

Bank of N.T. Butterfield (NTB): A Caribbean Banking Stock Trading Below 10x Earnings

FPA Queens Road Small Cap Value Fund highlighted Bank of N.T. Butterfield (NTB) in its Q2 2026 investor letter, noting its attractive Caribbean franchises and recent acquisition. NTB's stock traded between $40.59 and $64.17 over the past year, closing at $59.30 on August 28, 2026, with a market cap of $2.32 billion. The fund accumulated shares at less than 10x earnings, despite some operational risks.

$NTBMedAI 8/10

Butterfield Reports Second Quarter 2026 Results

Butterfield Bank of N.T. Butterfield & Son Limited reported Q2 2026 results for the quarter ended June 30, 2026. Net income was $46.9M, or $1.16/diluted share, versus $62.6M prior quarter. Core net income was $63.9M. NII was $95.6M and NIM 2.74%. The board declared a $0.50 dividend and repurchased 0.3M shares. It also announced the planned acquisition of CIBC Caribbean, expected to close in H1 2027.