4//SEC Filing
PEARSON KEVIN J 4
Accession 0001209191-24-003630
CIK 0000036270other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 3:54 PM ET
Size
11.2 KB
Accession
0001209191-24-003630
Insider Transaction Report
Form 4
PEARSON KEVIN J
Executive Vice President
Transactions
- Award
Common Stock
2024-02-16+11,579→ 59,591 total - Tax Payment
Common Stock
2024-02-16$138.31/sh−5,552$767,897→ 54,039 total
Holdings
- 3,530(indirect: Supplemental 401 (k) Plan)
Phantom Common Stock Units
→ Common Stock - 5,788(indirect: By 2020 GRAT)
Common Stock
- 3,283(indirect: By 401(k))
Common Stock
Footnotes (6)
- [F1]Shares issued pursuant to performance-vested stock units (including 1,106 shares issued for related dividend equivalent units) that were granted to the reporting person on January 29, 2021 under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan (the "Plan") and were earned based on achievement against pre-established performance criteria for the three-year performance period ended December 31, 2023, as determined by the Company's Compensation and Human Capital Committee on February 16, 2024.
- [F2]The performance-vested restricted stock units were granted under the Plan, and therefore the reporting person paid no price for the performance-vested restricted stock units.
- [F3]Shares withheld for taxes upon the settlement in shares of performance-vested 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 February 14, 2024.
- [F6]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 20, 7:00 PM ET
- Accepted
- Feb 21, 3:54 PM ET
- Size
- 11.2 KB