WASHINGTON HERBERT L 4
Research Summary
AI-generated summary
M&T Bank Director Herbert L. Washington Receives RSU Award
What Happened
Herbert L. Washington, a member of the M&T Bank Corporation Board of Directors, was granted 664 restricted stock units (RSUs) on April 30, 2026. The reported acquisition price is $0.00 (award), so no cash changed hands at grant. The RSUs are a contingent right to receive common shares if and when they vest.
Key Details
- Transaction date: 2026-04-30; Form 4 filed 2026-05-04.
- Grant: 664 restricted stock units; reported price $0.00 (award).
- Shares owned after transaction: not disclosed in this filing.
- Footnote: Each RSU vests on the first anniversary of the grant and represents a contingent right to one share upon vesting.
- No 10b5-1 plan, sale, or exercise reported; this is an equity award for board service.
- Filing timeliness: Form shows filing date; the report does not indicate a late-filing flag.
Context
RSUs are a common form of compensation for directors; they are not an open-market purchase or sale and therefore do not directly indicate a buy/sell sentiment. Value to the insider depends on M&T Bank’s stock price at vesting and any applicable withholding or company vesting conditions.