PEARSON KEVIN J 4
4 · M&T BANK CORP · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
M&T Bank (MTB) Vice Chairman Kevin J. Pearson Sells 2,000 Shares
What Happened
Kevin J. Pearson, Vice Chairman of M&T Bank Corporation (MTB), sold 2,000 shares in an open-market transaction on June 4, 2026. The shares were sold at $220.00 each for proceeds of $440,000. This was a sale (routine disposition) rather than a purchase.
Key Details
- Transaction date and price: 2026-06-04 — 2,000 shares sold at $220.00 per share (total $440,000).
- Method: Open-market sale (reported as "S").
- Plan/automation: Sale occurred automatically under a Rule 10b5-1 trading plan adopted March 5, 2026 (Footnote F1).
- Holdings reported as of March 31, 2026 (Footnote F2).
- Phantom units: Filing notes the reporting person holds phantom common stock units in the M&T Leadership Retirement Savings Plan (payable in cash and including dividend reinvestment units) — these are described in Footnote F3 and are not necessarily the shares sold.
- Shares owned after transaction: Not specified in this Form 4.
- Filing timeliness: Form 4 was filed on June 8, 2026, which is within the SEC’s two-business-day reporting window for a June 4 transaction (timely).
Context
The sale was executed under a pre-established 10b5-1 plan, which typically means trades were scheduled in advance and are generally considered routine rather than a direct expression of near-term sentiment. For retail investors, purchases are often more informative than routine sales; this filing documents an automated sale of existing holdings rather than an acquisition or option exercise.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-06-04$220.00/sh−2,000$440,000→ 46,107 total
- 3,493(indirect: By 401(k))
Common Stock
[F2] - 3,783(indirect: By 401(k))
Phantom Common Stock Units
[F3][F2]→ Common Stock (3,783 underlying)
Footnotes (3)
- [F1]The reported transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2026.
- [F2]The information presented is as of March 31, 2026.
- [F3]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.