Cruger William Frank Jr. 4
4 · M&T BANK CORP · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
M&T Bank (MTB) Director William Cruger Receives 687 RSUs
What Happened
William Frank Cruger Jr., a director of M&T Bank Corporation (MTB), received an award of 687 restricted stock units (RSUs) on April 30, 2026. The grant price is reported as $0.00 (i.e., a compensatory equity award), so there was no cash purchase or sale. Each RSU represents a contingent right to receive one share of common stock upon vesting.
Key Details
- Transaction date: 2026-04-30; Form 4 filed: 2026-05-04.
- Award: 687 restricted stock units at $0.00 (compensatory grant). Total immediate cash value at grant: $0.
- Vesting: Each RSU vests on the first anniversary of the grant (see footnote).
- Shares owned after transaction: not specified in the filing.
- Footnote: RSUs were granted under the M&T Bank 2019 Equity Incentive Compensation Plan; each unit converts to one share upon vesting.
- Filing timeliness: filing occurred four days after the grant date; investors may note timing but no late-filing flag is indicated in the provided record.
Context
RSU grants to board members are a common form of compensation and are not the same as open-market purchases (which some investors view as a stronger bullish signal). These RSUs are time-based and will only become shares if the vesting condition (one year of service) is met. They do not provide immediate proceeds and are typically taxed when they vest.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-30+687→ 9,878 total
Footnotes (1)
- [F1]The reporting person was granted an award of restricted stock units under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan, as amended and restated, for service on the M&T Bank Corporation Board of Directors. Each restricted stock unit vests on the first anniversary of the grant and represents a contingent right to receive one share of M&T Bank Corporation common stock upon vesting.