Form 4: M&T Bank Corp Executive D'Arcy Reports Stock Transactions

Senior Executive Vice President Peter D'Arcy reports acquisition and disposal of M&T Bank Corp stock and phantom common stock units.

Summary

• Peter D'Arcy, a Senior Executive Vice President at M&T Bank Corp, filed a Form 4 detailing changes in beneficial ownership.
• On February 14, 2025, D'Arcy acquired 1,311 shares of common stock related to performance-vested stock units granted on January 31, 2022, under the 2019 Equity Incentive Compensation Plan.
• These units were earned based on performance criteria over a three-year period ending December 31, 2024.
• Also on February 14, 2025, 473 shares were withheld for taxes upon settlement of these performance-vested stock units at a price of $198.82.
• Following these transactions, D'Arcy directly owns 11,780 shares of M&T Bank Corp common stock.
• D'Arcy also indirectly owns 322 phantom common stock units through a supplemental 401(k) plan as of December 31, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reflects routine stock transactions related to executive compensation. The vesting of performance-based units suggests positive performance, but the tax withholding is a standard occurrence.

Positives

• The acquisition of shares indicates that performance goals were met, which is a positive signal.

Negatives

• The withholding of 473 shares for taxes represents a reduction in the total number of shares held.

Industry Context

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

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Units, M&T Bank Corp, D'Arcy, Equity Plan, Phantom Stock