Form 4: M&T Bank Corp Director Walter's Reports Changes in Beneficial Ownership

Director Kirk W. Walters reports changes in beneficial ownership of M&T Bank Corp stock, including sales of Series H Perpetual Non-Cumulative Preferred Stock.

Summary

• Kirk W. Walters, a director of M&T Bank Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The reported transactions include the disposition of common stock and Series H Perpetual Non-Cumulative Preferred Stock.
• Walters sold 1,839 shares of Series H Perpetual Non-Cumulative Preferred Stock on August 16, 2024, at a price of $24.6 per share.
• He further sold 2,471 shares on August 19, 2024, and 5,097 shares on August 20, 2024, also at $24.6 per share.
• Following these transactions, Walters directly owns 3,698 shares of common stock.
• He indirectly owns 8 shares of common stock through a 401(k) plan.
• He indirectly owns 22,885, 20,414 and 15,317 shares of Series H Perpetual Non-Cumulative Preferred Stock through Gus & Bonnie, LLC after each transaction respectively.
• The information presented is as of June 30, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating neutral sentiment. It simply reports transactions without expressing any opinion or 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 seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The reported transactions may be of interest to shareholders as they provide insight into the trading activity of a company director.
• Significant insider selling could potentially create negative sentiment among investors.

Key Dates