Form 4: M&T Bank Corp Vice Chairman Kevin J. Pearson Reports Changes in Beneficial Ownership

Kevin J. Pearson, Vice Chairman of M&T Bank Corp, reports the disposition of shares and a gift transaction affecting his beneficial ownership of company stock.

Summary

• On August 9, 2024, Kevin J. Pearson, Vice Chairman of M&T Bank Corp, reported changes in his beneficial ownership of the company's common stock.
• He disposed of 6,095 shares at a price of $162.275 per share.
• Pearson also made a gift of 1,400 shares.
• Following these transactions, Pearson directly owns 46,544 shares of common stock.
• He also indirectly owns 5,788 shares through a 2020 Grantor Retained Annuity Trust (GRAT) and 3,342 shares through a 401(k) plan.
• Additionally, Pearson holds 3,593 phantom common stock units in a supplemental 401(k) plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a standard Form 4 filing reporting changes in beneficial ownership. There is no inherent positive or negative implication.

Industry Context

This filing is a routine disclosure of insider transactions, which are common and closely monitored by regulators and investors to ensure compliance with securities laws and to provide transparency regarding the actions of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates