Form 4: M&T Bank Corp Director Kirk W. Walters Reports Stock Sales

Director Kirk W. Walters reported the sale of M&T Bank Corp stock over three days in August, along with holdings through a 401(k) plan and Gus & Bonnie, LLC.

Summary

• Kirk W. Walters, a director of M&T Bank Corp, filed a Form 4 detailing changes in beneficial ownership.
• Walters sold shares of M&T Bank Corp common stock on August 21, 22, and 23, 2024.
• On August 21, 2024, 3,492 shares were sold at a weighted average price of $24.618.
• On August 22, 2024, 10,441 shares were sold at a weighted average price of $24.63.
• On August 23, 2024, 1,384 shares were sold at a weighted average price of $24.65.
• Following these transactions, Walters directly owns 3,698 shares of common stock.
• Walters also indirectly owns 8 shares through a 401(k) plan (as of June 30, 2024) and no shares through Gus & Bonnie, LLC.
• The sales were executed in multiple trades at prices ranging from $24.60 to $24.65.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• Shareholders may interpret the stock sales as a signal, although it's important to consider the context and the director's overall holdings.
• The impact on employees, customers, suppliers, and creditors is likely minimal, as this is a routine transaction.

Key Dates