Form 4: M&T Bank Corp Director Robert E. Sadler Jr. Reports Gift of Shares
SEC Form 4 Filing
Director Robert E. Sadler Jr. reported a gift of 35 common stock shares and indirect ownership of shares through his wife and the Sadler Family Foundation.
Summary
- Robert E. Sadler Jr., a director of M&T Bank Corp, filed a Form 4 indicating changes in his beneficial ownership of the company's stock.
- On April 23, 2024, Sadler gifted 35 shares of common stock.
- Following the transaction, Sadler directly owns 48,478 shares.
- He also indirectly owns 32,796 shares through his wife and 19,398 shares through the Sadler Family Foundation.
- Sadler has no pecuniary interest in the shares held by the Sadler Family Foundation, a charitable trust where he serves as a trustee.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 04/23/2024 | Date of the gift transaction |
| 04/24/2024 | Date of signature on 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.