Form 4: M&T Bank Corp Executive Doris P. Meister Reports Changes in Beneficial Ownership

Doris P. Meister, a Senior Executive Vice President at M&T Bank Corp, reported transactions involving common stock and phantom common stock units in the company's 401(k) and supplemental 401(k) plans.

Summary

• On April 17, 2024, Doris P. Meister, a Senior Executive Vice President at M&T Bank Corp, sold 1,638 shares of common stock at a price of $138.21 per share.
• Following this transaction, Meister directly owns 3,362 shares of M&T Bank Corp common stock.
• On April 18, 2024, Meister indirectly acquired 1,186.5353 shares of common stock through the company's 401(k) plan at a price of $138.8366 per share.
• On April 17, 2024, Meister also engaged in an intra-plan transfer involving phantom common stock units within the M&T Bank Corporation Leadership Retirement Savings Plan, resulting in no change to the number of derivative securities beneficially owned.
• These phantom common stock units are payable in cash and represent a like number of shares of M&T Bank Corporation common stock.
• The reported phantom common stock units also include units acquired through the dividend reinvestment feature of the plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment about the company's performance or prospects.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions reported are typical for executives managing their personal investment portfolios and participating in company-sponsored retirement plans.
• Comparable companies such as KeyCorp, PNC Financial Services, and Citizens Financial Group also have executives who regularly file Form 4s to report similar transactions.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by providing insight into executive trading activity.
• The transactions related to the 401(k) plan impact employees participating in the plan.

Key Dates