Form 4: M&T Bank Corp Director Walters Reports Securities Transactions

Director Kirk W. Walters reports transactions involving M&T Bank Corp common stock and preferred stock.

Summary

• Kirk W. Walters, a director of M&T Bank Corp, filed a Form 4 detailing changes in beneficial ownership of the company's securities.
• On July 26, 2024, Walters disposed of 3,698 shares of common stock at $175 per share.
• On the same date, Walters disposed of 51 shares of Series H Perpetual Non-Cumulative Preferred Stock at $24.85 per share.
• On July 29, 2024, Walters disposed of 8 shares of Series H Perpetual Non-Cumulative Preferred Stock at $24.85 per share.
• Following these transactions, Walters directly owns 8 shares of common stock.
• Walters indirectly owns 7,413 shares of common stock through a 401(k) plan.
• Walters indirectly owns 15,045 shares of common stock through Gus & Bonnie, LLC.
• Walters indirectly owns 39,941 shares of Series H Perpetual Non-Cumulative Preferred Stock through Gus & Bonnie, LLC.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting transactions, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company directors.

Key Dates