BARNES JOHN P 4

What Happened John P. Barnes, a director of M&T Bank Corporation, sold 17,866 shares of MTB in an open-market transaction on Jan 22, 2026. The weighted average sale price was $220.81 per share, generating gross proceeds of approximately $3,945,054. This transaction is a sale (reporting code S) rather than a purchase or option exercise.

Key Details

• Transaction date: 2026-01-22; Form 4 filed 2026-01-23 (appears timely).
• Price: weighted average $220.81; trades executed in a range of $220.65 to $221.14 (see footnote).
• Shares sold: 17,866; gross proceeds ≈ $3,945,054.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: the sale was executed in multiple trades; the filer offers to provide detailed per-trade prices/quantities on request (per F1).
• Transaction code: S (sale).

Context Sales by directors can be routine (diversification, liquidity, tax planning) and do not by themselves indicate company performance. The filing notes only an open-market sale executed in several trades; no option exercises, gifts, or 10b5-1 plan were reported in this filing.