Form 4: M&T Bank Corp Executive Doris P. Meister Reports Stock Sale and Phantom Stock Unit Holdings

Doris P. Meister, a Senior Executive Vice President at M&T Bank Corp, reported selling 1,675 shares of common stock at $137.912 per share and disclosed holdings in common stock and phantom common stock units.

Summary

• Doris P. Meister, a Senior Executive Vice President at M&T Bank Corp, filed a Form 4 detailing changes in beneficial ownership.
• On February 23, 2024, Meister sold 1,675 shares of M&T Bank Corp common stock at a price of $137.912 per share.
• Following the transaction, Meister directly owns 8,961 shares of common stock.
• Meister also indirectly owns 1,175 shares of common stock through a 401(k) plan.
• Additionally, Meister holds 911 phantom common stock units through the M&T Bank Corporation Leadership Retirement Savings Plan, representing an equivalent number of shares of common stock.
• These phantom stock units are payable in cash and are distributed according to the plan's terms, including units acquired through dividend reinvestment.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions by an executive, with no inherent positive or negative implications.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the transactions of a senior executive at M&T Bank Corp.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, depending on the overall market perception of insider transactions.
• The disclosure provides transparency to stakeholders regarding executive compensation and stock ownership.

Key Dates