Form 4: M&T Bank Corp Executive Daryl N. Bible Reports Stock Transaction
SEC Form 4 Filing
Daryl N. Bible, Sr. EVP & CFO of M&T Bank Corp, reports disposition of shares to cover tax obligations related to settled restricted stock units.
Summary
- On July 31, 2024, Daryl N. Bible, Sr. EVP & CFO of M&T Bank Corp, reported a transaction involving common stock.
- A total of 2,820 shares were disposed of at a price of $172.17 per share.
- This transaction was related to the withholding of shares for taxes upon the settlement of restricted stock units previously granted to Mr. Bible.
- Following the transaction, Mr. Bible beneficially owns 30,056 shares of M&T Bank Corp common stock directly.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in stock transactions by company insiders. This filing indicates routine tax-related stock disposals, which are common among executives receiving stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes and does not indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of stock transaction (disposal of shares). |
| 08/01/2024 | Date of signature on the report. |
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