Form 4: Director Richard Ledgett Jr. Receives M&T Bank Stock Grant

M&T Bank Corporation director Richard H. Ledgett Jr. was granted 664 restricted stock units as compensation for board service.

Summary

• Director Richard H. Ledgett Jr. acquired 664 restricted stock units (RSUs) on April 30, 2026.
• The grant was issued under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan.
• Each RSU represents a contingent right to receive one share of common stock upon vesting.
• The units vest on the first anniversary of the grant date.
• Following this transaction, the director holds 5,545 shares directly and 390.025 shares indirectly via an IRA.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Alignment of director interests with shareholders through equity-based compensation.

Negatives

• None.

Risks

• None.

Future Outlook

The restricted stock units are scheduled to vest on April 30, 2027, one year from the grant date.

Industry Context

StockSavvy.ai notes that equity grants to board members are standard corporate governance practice to ensure long-term alignment between directors and shareholders in the banking sector.

Comparison to Industry Standards

• The use of restricted stock units for director compensation is consistent with standard practices at major financial institutions like JPMorgan Chase, Citigroup, and Wells Fargo.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation event.

Next Steps

• Vesting of the 664 restricted stock units on April 30, 2027.

Key Dates

Keywords

M&T Bank, MTB, Insider Trading, Form 4, Director Compensation, Equity Incentive Plan