Form 4: M&T Bank Corp Director Rene F. Jones Reports Stock Transactions

Rene F. Jones, Chairman of the Board and CEO of M&T Bank Corp, reports the disposition and acquisition of company stock through sales and gifts.

Summary

• Rene F. Jones, Chairman of the Board and CEO of M&T Bank Corp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On October 28, 2024, Jones sold 23,071 shares of common stock at an average price of $193.8771 per share.
• Also on October 28, 2024, Jones gifted 374 shares of common stock for no consideration.
• On October 29, 2024, Jones gifted an additional 1,530 shares of common stock for no consideration.
• Jones also reported indirect ownership of 867.1776 shares held by his daughter through a custodial account and 5,856 shares held in a 401(k) plan as of September 30, 2024.
• Following these transactions, Jones directly owns 75,321.79 shares of M&T Bank Corp common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions without indicating a positive or negative outlook.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.

Key Dates