Form 4: M&T Bank Director Robert E. Sadler Jr. Transfers Shares via Gift

M&T Bank director Robert E. Sadler Jr. transferred 49,413 common stock shares as a gift, while also reporting indirect ownership of shares through his wife and a family foundation.

Summary

• Robert E. Sadler Jr., a director at M&T Bank Corp, reported a transaction involving the transfer of 49,413 common stock shares.
• The transfer was executed as a gift, with no monetary consideration involved.
• Following the transaction, Mr. Sadler directly owns no common stock.
• Mr. Sadler also has indirect ownership of 29,770 shares through his wife and 19,398 shares through the Sadler Family Foundation.
• Mr. Sadler is a trustee of the Sadler Family Foundation and has voting and dispositive power over the shares held by it, but no direct pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a stock transfer. It does not indicate any positive or negative sentiment about the company's performance or future prospects.

Industry Context

This is a routine filing related to insider transactions and is common for directors of publicly traded companies. It provides transparency into the stock ownership of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transaction is a gift, which is a common type of transaction reported on Form 4s.
• The reporting of indirect ownership through family members and trusts is also standard practice.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a transfer of shares by gift and does not change the total number of outstanding shares.

Key Dates

Keywords

M&T Bank, Robert E. Sadler Jr., stock transfer, insider trading, Form 4, director, gift, beneficial ownership