BARNES JOHN P 4

What Happened

• John P. Barnes, a director of M&T Bank Corporation (MTB), sold 21,193 shares on February 9, 2026. The shares were disposed at $235.85 per share, generating proceeds of $4,998,369. This was a sale (transaction code S), which is typically a liquidity event rather than a direct bullish signal.

Key Details

• Transaction date and price: 2026-02-09 at $235.85 per share.
• Shares sold: 21,193; total proceeds: $4,998,369 (≈ $5.0M).
• Shares owned after transaction: not disclosed in the transaction details provided.
• Filing date: Form 4 filed 2026-02-11 (two days after the trade). Form 4s are generally required within two business days of the transaction.
• Footnotes/plan info: no 10b5-1 plan, tax withholding, or other special footnotes were indicated in the details provided.

Context

• Sales by directors are common for diversification or personal liquidity and do not, by themselves, indicate a change in the company’s fundamentals. Purchases tend to be more informative about insider sentiment than routine sales.