WALTERS KIRK W 4

What Happened
Kirk W. Walters, a director of M&T Bank Corporation (MTB), sold 909 shares in an open-market transaction on February 3, 2026 at $227.37 per share, generating proceeds of approximately $206,676. This was a sale (disposition), not a purchase or option exercise.

Key Details

• Transaction date: 2026-02-03; Price: $227.37 per share; Shares sold: 909; Total proceeds: ~$206,676.
• Transaction type: Sale (SEC code S) — reported as an open market or private sale.
• Filing date / timeliness: Form 4 filed 2026-02-05 for the 2026-02-03 transaction; this appears to be filed within the typical 2-business-day reporting window.
• Shares owned after transaction: Not disclosed in the information provided on this filing.
• Footnote: F1 notes that the ownership information presented in the filing is as of December 31, 2025.

Context
Insider sales are often routine (e.g., diversification, liquidity, tax needs) and do not by themselves indicate management’s view of company prospects. No indication in this filing of a 10b5-1 plan, grant, exercise, or gift; it is a straightforward disposition reported by a director.