Cruger William Frank Jr. 4

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.