PEARSON KEVIN J 4
4 · M&T BANK CORP · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
M&T Bank (MTB) Vice Chairman Kevin Pearson Receives Award
What Happened Kevin J. Pearson, Vice Chairman of M&T Bank Corporation, received 6,750 performance-vested restricted stock units that vested on Feb 13, 2026. The award was issued at no cost to Pearson (code A). To satisfy tax withholding obligations, 3,364 of those shares were withheld/disposed (code F) at a reported per-share value of $228.71, totaling $769,380. The award included 659 shares issued as dividend equivalents and was granted originally on Jan 31, 2023 based on a three-year performance period ending Dec 31, 2025.
Key Details
- Transaction date (period of report): 2026-02-13; Form filed: 2026-02-18 (timely).
- Award: 6,750 performance-vested restricted stock units issued (price paid $0).
- Tax withholding (disposition): 3,364 shares withheld at $228.71 each = $769,380.
- Footnotes: Units were granted under the 2019 Equity Incentive Plan, vested based on achievement of pre-established performance criteria (F1, F2). Withholding of shares to cover taxes upon settlement (F3). Award includes 659 dividend-equivalent shares (F1). Reported ownership info is as of Dec 31, 2025 (F4). Separate phantom stock/retirement units noted in plan account (F5).
- Shares owned after the transaction are not specified in the provided excerpt.
Context These were performance-vested restricted stock units that vested based on multi-year performance goals — not an open-market purchase or sale. The withholding of shares to cover tax obligations is a common administrative step and should not be read as a market-sale signal. The filing was submitted within the SEC two-business-day window accounting for the Presidents’ Day holiday, so it appears timely.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-13+6,750→ 51,471 total - Tax Payment
Common Stock
[F3]2026-02-13$228.71/sh−3,364$769,380→ 48,107 total
- 3,493(indirect: By 401(k))
Common Stock
[F4] - 3,756(indirect: By 401(k))
Phantom Common Stock Units
[F5][F4]→ Common Stock (3,756 underlying)
Footnotes (5)
- [F1]Shares issued pursuant to performance-vested stock units (including 659 shares issued for related dividend equivalent units) that were granted to the reporting person on January 31, 2023 under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan (the "Equity Plan") and were earned based on achievement against pre-established performance criteria for the three-year performance period ended December 31, 2025, as determined by the Company's Compensation and Human Capital Committee on February 13, 2026.
- [F2]The performance-vested restricted stock units were granted under the Equity 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 stock units previously granted to the reporting person.
- [F4]The information presented is as of December 31, 2025.
- [F5]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.