WALTERS KIRK W 4

What Happened Kirk W. Walters, a director of M&T Bank Corporation (MTB), was granted 664 restricted stock units (RSUs) on April 30, 2026. The Form 4 reports an acquisition of 664 shares at $0.00 (code A), reflecting an award rather than a purchase. Each RSU is a contingent right to receive one share of M&T common stock upon vesting on the first anniversary of the grant; no cash was exchanged at grant and the award’s eventual value will depend on the stock price at vesting.

Key Details

• Transaction date: 2026-04-30; Form 4 filed 2026-05-04 (filed within the standard 2 business-day window).
• Transaction type: Award/Grant (Code A) — 664 RSUs @ $0.00.
• Shares owned after transaction: Not specified on the Form 4; reporting information is presented as of March 31, 2026 (footnote).
• Footnotes: RSUs granted under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan; each RSU vests on the first anniversary and converts to one share upon vesting.
• Timeliness: Filing appears timely (not late).

Context This is a routine director compensation award, not a market purchase or sale, and therefore should not be read as a direct bullish or bearish trading signal. Retail investors should note the one-year vesting schedule — the shares will only be issued (and become reportable as owned) if and when the RSUs vest; any tax withholding or share delivery at that time would be reported in subsequent filings.