Form 4: M&T Bank Corp: Director John Scannell Reports Termination of Insider Status
SEC Filing
John Scannell, a director of M&T Bank Corp, reports the termination of his insider status effective April 16, 2024, following the end of his term at the Annual Meeting of Shareholders.
Summary
- This Form 4 filing indicates that John Scannell, a director of M&T Bank Corp, is no longer considered an insider of the company.
- His term ended at the Annual Meeting of Shareholders on April 16, 2024, which triggered the termination of his insider status.
- The filing reflects his holdings as of April 16, 2024, which include 4,393 shares of common stock held directly.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing indicating a change in insider status, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.
Stakeholder Impact
- Shareholders are informed of changes in insider status, which contributes to transparency in corporate governance.
Key Dates
| Date | Description |
|---|---|
| 04/16/2024 | Date of earliest transaction and termination of insider status due to end of term at the Annual Meeting of Shareholders. |
| 04/19/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.