Form 4: M&T Bank Director John P. Barnes Executes Stock Option, Sells Shares
SEC Form 4
M&T Bank Director John P. Barnes exercised stock options and sold 20,000 shares of common stock in late April 2024.
Summary
- John P. Barnes, a director at M&T Bank Corp, executed options to purchase 20,000 shares of common stock at a price of $129.54 per share on April 25 and 26, 2024.
- Concurrently, Barnes sold 20,000 shares of M&T Bank common stock on the same days.
- The sales were executed at a weighted average price of $147.1143 on April 25 and at $148 on April 26.
- Following these transactions, Barnes directly owns 34,545 shares of M&T Bank common stock.
- Barnes also indirectly owns shares through an IRA (1,348 shares), the Nancy Barnes Living Trust (1,558 shares), and the John P. Barnes Living Trust (69,960 shares).
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. There's no indication of positive or negative outlook.
Industry Context
This filing reflects routine insider transactions. Monitoring such filings can provide insights into management's perspective on the company's valuation, but single transactions are not necessarily indicative of broader trends.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Earliest transaction date: Exercise of options and sale of 10,000 shares. |
| 04/26/2024 | Exercise of options and sale of 10,000 shares. |
| 04/29/2024 | Date of Form 4 filing. |
| 07/01/2024 | Expiration date of the options exercised. |
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