Kay Christopher E. 4
4 · M&T BANK CORP · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
M&T Bank (MTB) Sr. EVP Kay Christopher Receives RSUs; 1,436 Withheld
What Happened
Kay Christopher, Senior Executive Vice President of M&T Bank (MTB), received vested performance-based restricted stock units (RSUs) that settled into 5,997 shares on 2026-01-30. Of those, 1,436 shares were withheld to cover tax liabilities (value reported at $221.57 per share, $318,175). The RSUs were granted under the M&T Bank 2019 Equity Incentive Compensation Plan and had no purchase price to the reporting person.
Key Details
- Transaction date: January 30, 2026 (filed on Feb 3, 2026). Filing appears within the normal 2-business-day window.
- Shares acquired (vested RSUs): 3,655 shares (direct) + 2,342 shares (reported as derivative) = 5,997 shares acquired at $0.00 per share (RSUs grant/settlement).
- Shares disposed for taxes: 1,436 shares withheld at $221.57 per share, total $318,175.
- Net increase in shares held from this settlement: 5,997 − 1,436 = 4,561 shares (shares owned after transaction not stated in the filing).
- Relevant footnotes: F1–F3 indicate these were performance-based RSUs granted Jan 31 of 2023–2025 that vested on achievement of goals; the RSUs had no purchase price; shares were withheld to satisfy tax withholding.
- No 10b5-1 plan, gifts, or open-market trades are reported in this filing.
Context
This was a vesting/settlement of performance-based equity, not an open-market purchase or a voluntary sale. The tax-withholding (code F) is a routine administrative step and not a separate sale decision about the remainder of the shares. The filing does not provide the insider’s total post-transaction holdings.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-01-30+3,655→ 9,156 total - Tax Payment
Common Stock
[F3]2026-01-30$221.57/sh−1,436$318,175→ 7,720 total - Award
Option (right to buy)
[F5][F4]2026-01-30+2,342→ 2,342 totalExercise: $221.57Exp: 2036-01-30→ Common Stock (2,342 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, 2023, 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 periods.
- [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.