Form 4: M&T Bank Corp Director Sells 10,000 Shares

Director Denis J. Salamone sold 10,000 shares of M&T Bank Corp stock at an average price of $172.025 on September 3, 2024.

Summary

• On September 3, 2024, Denis J. Salamone, a director of M&T Bank Corp, sold 10,000 shares of common stock at a weighted average price of $172.025 per share.
• The sale was executed in multiple trades with prices ranging from $172.00 to $172.05.
• Following the transaction, Salamone directly owns 44,902 shares of M&T Bank Corp common stock.
• Salamone also indirectly owns 7,917 shares through an IRA and 15,200 shares through GRAT #2.
• 9,800 shares were distributed from GRAT #2 to the reporting person in satisfaction of GRAT #2's annuity obligation in 2024.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of a stock sale by a company director. No explicit positive or negative implications are apparent.

Industry Context

This Form 4 filing is a routine disclosure of a transaction by a company insider and provides transparency to the market regarding the insider's holdings and transactions in the company's stock.

Stakeholder Impact

• The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the sale relative to the director's total holdings.

Key Dates