4//SEC Filing
PEARSON KEVIN J 4
Accession 0001209191-24-002673
CIK 0000036270other
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 4:49 PM ET
Size
13.5 KB
Accession
0001209191-24-002673
Insider Transaction Report
Form 4
PEARSON KEVIN J
Executive Vice President
Transactions
- Tax Payment
Common Stock
2024-01-31$138.10/sh−1,101$152,048→ 48,012 total - Award
Option (right to buy)
2024-01-31+8,770→ 8,770 totalExercise: $138.10Exp: 2034-01-31→ Common Stock (8,770 underlying) - Award
Common Stock
2024-01-31+3,553→ 49,113 total
Holdings
- 5,788(indirect: By 2020 GRAT)
Common Stock
- 3,283(indirect: By 401(k))
Common Stock
- 3,530(indirect: Supplemental 401 (k) Plan)
Phantom Common Stock Units
→ Common Stock
Footnotes (8)
- [F1]Shares issued pursuant to vesting of performance-based restricted stock units, which were granted to the reporting person on January 31, 2022 and January 31, 2023, under the 2019 M&T Bank Corporation Equity Incentive Compensation Plan (the "Plan") and vested upon achievement of performance goals for the applicable performance periods.
- [F2]The performance-based restricted stock units were granted under the Plan, and therefore the reporting person paid no price for the performance-based restricted stock units.
- [F3]Shares withheld for taxes upon the settlement in shares of performance-based restricted stock units previously granted to the reporting person.
- [F4]The indicated shares are held by a Grantor Retained Annuity Trust ("2020 GRAT") of which the reporting person is trustee. The reporting person continues to report beneficial ownership of all of the M&T Bank Corporation common stock held by the 2020 GRAT but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
- [F5]The information presented is as of December 31, 2023.
- [F6]The option vests ratably on the first, second and third anniversary of the grant date.
- [F7]The option was granted under the Plan, and therefore the reporting person paid no price for the option.
- [F8]The reported phantom common stock units are held by the reporting person in a plan account maintained by M&T Bank Corporation under the M&T Bank Corporation Leadership Retirement Savings Plan and represent a like number of shares of M&T Bank Corporation common stock. The phantom common stock units are payable in cash and distributed in accordance with the terms of the plan. The reported phantom common stock units also include units acquired through the dividend reinvestment feature of the plan.
Documents
Issuer
M&T BANK CORP
CIK 0000036270
Entity typeother
Related Parties
1- filerCIK 0001245781
Filing Metadata
- Form type
- 4
- Filed
- Feb 1, 7:00 PM ET
- Accepted
- Feb 2, 4:49 PM ET
- Size
- 13.5 KB