Bible Daryl N. 4
4 · M&T BANK CORP · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
M&T Bank (MTB) CFO Daryl Bible Receives RSUs; 1,472 Shares Withheld
What Happened
Daryl N. Bible, Senior EVP & Chief Financial Officer of M&T Bank (MTB), had performance-based restricted stock units (RSUs) vest on January 30, 2026. The filing shows two award events: 3,352 shares and 3,145 shares were acquired (awarded/settled) at $0.00 (performance-based RSUs). To cover tax withholding on the settlement, 1,472 shares were disposed/withheld at $221.57 per share, totaling $326,151. Net shares retained from the vesting were 5,025 (6,497 total vested − 1,472 withheld).
Key Details
- Transaction date: 2026-01-30; Form 4 filed 2026-02-03 (appears timely).
- Awards: 3,352 shares (A) and 3,145 shares (A, derivative) issued at $0.00 pursuant to performance-based RSU vesting.
- Tax withholding: 1,472 shares (F) withheld/disposed at $221.57 each = $326,151 withheld to satisfy tax liability.
- Net shares received: 5,025 (6,497 vested − 1,472 withheld).
- Footnotes: F1–F3 confirm these were performance-based RSUs granted under the M&T 2019 Equity Incentive Plan, vested upon achievement of performance goals, and no purchase price was paid; F4–F5 reference option vesting language included in the filing but are not part of these transactions.
- Shares owned after transaction: not disclosed in this Form 4.
Context
This was not an open-market sale or purchase but the routine settlement of performance-based RSUs upon achievement of performance goals. Withholding shares to cover taxes is a common administrative step and does not necessarily signal a change in the executive’s view of the company. The filing documents issuance and withholding; it does not indicate a market sale of shares beyond tax withholding.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-01-30+3,352→ 31,482 total - Tax Payment
Common Stock
[F3]2026-01-30$221.57/sh−1,472$326,151→ 30,010 total - Award
Option (right to buy)
[F5][F4]2026-01-30+3,145→ 3,145 totalExercise: $221.57Exp: 2036-01-30→ Common Stock (3,145 underlying)
Footnotes (5)
- [F1]Shares issued pursuant to vesting of performance-based restricted stock units, which were granted to the reporting person on January 31, 2024 and January 31, 2025, under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan (the "Equity Plan") and vested upon achievement of performance goals for the applicable performance period.
- [F2]The performance-based restricted stock units were granted under the Equity Plan, and therefore the reporting person paid no price for the performance-based restricted stock units.
- [F3]Shares withheld for taxes upon the settlement in shares of performance-based restricted stock units previously granted to the reporting person.
- [F4]The option vests ratably on the first, second and third anniversary of the grant date.
- [F5]The option was granted under the Equity Plan, and therefore the reporting person paid no price for the option.