Form 4: M&T Bank Director Kirk W. Walters Reports Stock and Preferred Stock Transactions

Director Kirk W. Walters reports sales of M&T Bank Corp Series H Perpetual Non-Cumulative Preferred Stock and holdings of common stock, including indirect ownership through a 401(k) plan and Gus & Bonnie, LLC.

Summary

• Kirk W. Walters, a director of M&T Bank Corp, filed a Form 4 detailing changes in beneficial ownership.
• On August 13, 2024, Walters sold 350 shares of Series H Perpetual Non-Cumulative Preferred Stock at $24.6 per share.
• On August 14, 2024, Walters sold 14,847 shares of Series H Perpetual Non-Cumulative Preferred Stock at a weighted average price of $24.6059, with individual trades ranging from $24.60 to $24.64.
• On August 15, 2024, Walters sold 20 shares of Series H Perpetual Non-Cumulative Preferred Stock at $24.6 per share.
• Walters directly owns 3,698 shares of common stock.
• Walters indirectly owns 8 shares of common stock through a 401(k) plan, with information presented as of June 30, 2024.
• Walters indirectly owns 15,045 shares of common stock and 39,591 shares of Series H Perpetual Non-Cumulative Preferred Stock through Gus & Bonnie, LLC.
• Following the reported transactions, Walters indirectly owns 24,744 shares of Series H Perpetual Non-Cumulative Preferred Stock through Gus & Bonnie, LLC after the August 14th sale.
• Following the reported transactions, Walters indirectly owns 24,724 shares of Series H Perpetual Non-Cumulative Preferred Stock through Gus & Bonnie, LLC after the August 15th sale.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions; it doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence in the financial industry and provides transparency to investors.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are comparable across all publicly traded companies.
• The transactions are relatively small in scale compared to overall trading volumes of M&T Bank Corp.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small volume of shares involved.

Key Dates