Form 4: M&T Bank Corp Vice Chairman Kevin J. Pearson Sells Shares

Kevin J. Pearson, Vice Chairman of M&T Bank Corp, reported the sale of 7,500 shares of common stock on November 1, 2024.

Summary

• Kevin J. Pearson, Vice Chairman of M&T Bank Corp, filed a Form 4 disclosing changes in beneficial ownership.
• On November 1, 2024, Pearson sold 7,500 shares of M&T Bank Corp common stock at a price of $195.8812 per share.
• Following the transaction, Pearson directly owns 40,502 shares of common stock.
• Pearson also indirectly owns 4,330 shares through a 2020 Grantor Retained Annuity Trust (GRAT) and 3,368 shares through a 401(k) plan.
• Additionally, Pearson holds 3,621 phantom common stock units in a supplemental 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

This 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 actions of company executives.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, depending on the market's interpretation of the transaction.

Key Dates