Form 4: M&T Bank CEO Exercises Options, Adjusts Holdings

M&T Bank Corp's Chairman and CEO, Rene F. Jones, reported exercising stock options and subsequent share dispositions for tax purposes under a pre-arranged trading plan.

Summary

• Rene F. Jones, Chairman of the Board and CEO of M&T Bank Corp, reported transactions on December 11, 2025, executed under a Rule 10b5-1 trading plan adopted on November 21, 2024.
• Exercised options to acquire 16,778 shares of M&T Bank common stock at an exercise price of $156 per share, totaling $2,617,368.
• Disposed of 14,787 shares of common stock at $205.945 per share, totaling $3,045,399.115, primarily to cover taxes and the exercise price.
• Following these transactions, direct beneficial ownership stands at 94,264.79 shares.
• Indirect beneficial ownership includes 1,067.2095 shares for each of two daughters through custodial accounts and 6,030 shares in a 401(k) Plan, with the 401(k) information presented as of September 30, 2025.
• Remaining derivative securities include 8,390 options with an exercise price of $156, which are currently exercisable and expire on January 31, 2033.

Sentiment

Score: 5

Explanation: This is a routine insider transaction report (Form 4) detailing the exercise of stock options and subsequent share disposition for tax purposes under a pre-arranged 10b5-1 plan. It does not inherently indicate positive or negative company performance or strategic shifts, thus a neutral sentiment.

Positives

• The exercise of options by the CEO indicates a realization of value from their equity incentive compensation plan.
• Transactions were conducted automatically pursuant to a Rule 10b5-1 trading plan, demonstrating pre-planned and transparent insider trading activity.

Negatives

• A disposition of 14,787 shares of common stock reduced the direct beneficial ownership, although this was primarily for tax withholding and to cover the exercise price.

Related Party Transactions

• Indirect beneficial ownership of 1,067.2095 shares each by two daughters of the reporting person through custodial accounts under the Uniform Gifts to Minors Act, for which the reporting person is custodian.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive stock ownership changes, which were pre-planned under a Rule 10b5-1 plan, indicating routine activity rather than a discretionary sale based on new information.

Key Dates

Keywords

M&T Bank, MTB, Rene F. Jones, Insider Trading, Form 4, Stock Options, Equity Incentive Plan, Rule 10b5-1, CEO, Beneficial Ownership