Form 4: M&T Bank Director Salamone Reports Stock Transfer from GRAT

Director Denis J. Salamone reports a stock transfer related to a Grantor Retained Annuity Trust (GRAT) involving M&T Bank Corp shares.

Summary

• On April 17, 2025, Director Denis J. Salamone reported a transaction involving M&T Bank Corp shares.
• 8,768 shares were distributed from GRAT #2 to Salamone in satisfaction of the GRAT's final annuity obligation.
• Additionally, 6,432 shares were transferred to Salamone's children due to the termination of GRAT #2.
• Salamone also reported owning 43,670 shares of common stock directly and 7,917 shares indirectly through an IRA.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.

Related Party Transactions

• The transfer of shares to Salamone's children from the GRAT #2 constitutes a related party transaction.

Stakeholder Impact

• The transactions described have a minimal direct impact on stakeholders, as they primarily reflect changes in ownership among related parties.

Key Dates

Keywords

M&T Bank Corp, Denis J. Salamone, Form 4, Beneficial Ownership, GRAT, Stock Transfer, Director, MTB