McWatt Michael sold $741K of NTB
McWatt Michael (Managing Director, Cayman) sold 12,000 shares of Bank of N.T. Butterfield & Son Ltd (NTB) at $61.78 ($0.74M total) on 2026-08-05.
How this was made
The 30-second read
Why it matters
The newest fact is the disclosed sale size, price, and post-transaction holdings by a managing director on 2026-08-05.
Market read
Traders may note insider selling as a sentiment datapoint, but there is no accompanying fundamental or regulatory catalyst in the text.
What to watch
The article does not state whether the sale was part of a 10b5-1 plan (it says no), but it also provides no context on compensation, tax obligations, or prior trading history.
Background
The article is a SEC Form 4 insider transaction disclosure for Bank of N.T. Butterfield & Son Ltd (NTB).
Ticker impact
Form 4 shows managing director McWatt Michael sold 12,000 NTB shares for about $741k at $61.7766 on 2026-08-05.
Likely limited near-term price impact; any effect is more sentiment-driven than fundamental.
The filing is a routine insider transaction, with no 10b5-1 plan cited and no accompanying company-specific news (earnings, guidance, deals, or regulatory actions).
Market effects
No sector read-through provided; this is company-specific insider dealing only.
None indicated.
None indicated.
Counterpoint
Insider sales can be driven by diversification, taxes, or pre-planned liquidity needs, so the signal may be weak.
Key entities
- issuerBank of N.T. Butterfield & Son Ltd
Subject of the Form 4 insider transaction disclosure.
- insiderMcWatt Michael
Managing Director, Cayman, who sold 12,000 shares on 2026-08-05.
