Beardi James J 4
4 · M&T BANK CORP · Filed Feb 15, 2011
Insider Transaction Report
Form 4
Beardi James J
Executive Vice President
Transactions
- Award
Common Stock
2011-02-11+220.43→ 22,799.39 total - Tax Payment
Common Stock
2011-02-11$89.86/sh−100$8,986→ 22,699.39 total
Holdings
- 50,000(indirect: GRAT #1)
Common Stock
Footnotes (3)
- [F1]The reported transaction involves an award of fully vested restricted stock issued under the M&T Bank Corporation 2009 Equity Incentive Compensation Plan. The stock represents a portion of the reporting person's salary and may be subject to restrictions on transfer. For more information, please see the Current Report on Form 8-K filed by M&T Bank Corporation on January 25, 2011.
- [F2]The restricted stock was granted under an equity incentive compensation plan maintained by M&T Bank Corporation, and therefore the reporting person paid no price for the restricted stock.
- [F3]The indicated shares are held by a Grantor Retained Annuity Trust ("GRAT #1") of which the reporting person is the trustee and his descendants are beneficiaries. The reporting person continues to report the beneficial ownership of all of the M&T Bank Corporation common stock held by GRAT #1 but disclaims beneficial ownership except to the extent of his pecuniary interest therein.