Form 4: M&T Bank Director Herbert L. Washington Receives RSU Grant

Director Herbert L. Washington was granted 664 restricted stock units as compensation for his service on the M&T Bank Corporation Board.

Summary

• Director Herbert L. Washington acquired 664 restricted stock units (RSUs) on April 30, 2026.
• The grant was issued under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan.
• Each RSU represents a contingent right to receive one share of common stock upon vesting.
• The units vest on the first anniversary of the grant date.
• Following this transaction, the director holds 18,299 shares directly and 500 shares indirectly through his wife.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Alignment of director interests with shareholders through equity-based compensation.
• Standard equity incentive grant for board service.

Negatives

• None identified.

Risks

• Market volatility affecting the future value of the equity compensation.

Future Outlook

The RSUs are scheduled to vest on April 30, 2027, at which point they will convert to common stock.

Industry Context

StockSavvy.ai notes that equity-based compensation for board members is a standard corporate governance practice in the banking sector to ensure long-term alignment with shareholder interests.

Comparison to Industry Standards

• The use of restricted stock units for director compensation is consistent with industry practices at major financial institutions like JPMorgan Chase, Citigroup, and Wells Fargo.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity grant for board service.

Next Steps

• Vesting of the restricted stock units on April 30, 2027.

Key Dates

Keywords

M&T Bank, MTB, Insider Trading, Form 4, Director Compensation, Equity Incentive Plan