Form 4: M&T Bank Director Sells 10,000 Shares of Common Stock

M&T Bank director Denis J. Salamone sold 10,000 shares of common stock at a weighted average price of $223.4052 on November 25, 2024.

Summary

• Denis J. Salamone, a director at M&T Bank Corp, sold 10,000 shares of common stock on November 25, 2024.
• The sale was executed at a weighted average price of $223.4052 per share, with individual trades ranging from $223.00 to $223.70.
• Following the transaction, Salamone directly owns 34,902 shares of M&T Bank common stock.
• He also indirectly owns 7,917 shares through an IRA and 15,200 shares through a GRAT #2.
• Salamone disclaims beneficial ownership of the shares held by the GRAT #2 except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by a director. It does not convey any positive or negative sentiment about the company's performance or future prospects.

Industry Context

This is a routine disclosure of a stock sale by a company director, which is a common occurrence in the financial industry. It does not indicate any specific trend or issue within the banking sector.

Comparison to Industry Standards

• Director stock sales are a common occurrence across all publicly listed companies.
• The sale is within the normal range of director transactions and does not indicate any unusual activity.
• The reporting of the transaction is in line with SEC regulations for insider trading.

Stakeholder Impact

• The stock sale by a director may have a minor impact on shareholder sentiment, but it is unlikely to significantly affect the stock price.

Key Dates

Keywords

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