Form 4: M&T Bank Director John P. Barnes Sells 20,000 Shares

M&T Bank Corp Director John P. Barnes sold 20,000 shares of common stock on October 22, 2024, at an average price of $193.9706.

Summary

• On October 22, 2024, John P. Barnes, a director of M&T Bank Corp, sold 20,000 shares of the company's common stock.
• The sale was executed at a weighted average price of $193.9706 per share, with individual trades ranging from $193.74 to $194.16.
• Following the transaction, Barnes directly owns 35,480 shares of M&T Bank Corp common stock.
• Barnes also indirectly owns 1,348 shares through an IRA, 1,558 shares through the Nancy Barnes Living Trust, and 49,960 shares through the John P. Barnes Living Trust.

Sentiment

Score: 5

Explanation: This is a neutral report of an insider transaction. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This is a routine disclosure of insider trading activity. It's common for executives and directors to buy and sell shares of their company's stock. The reasons for these transactions are varied and may not necessarily reflect the insider's view of the company's future prospects.

Stakeholder Impact

• The sale of shares by a director could potentially create uncertainty among shareholders, although the impact is likely to be minimal given the size of the transaction relative to the company's overall market capitalization.

Key Dates