PEARSON KEVIN J 4
Research Summary
AI-generated summary
M&T Bank (MTB) Vice Chairman Kevin J. Pearson Sells 2,000 Shares
What Happened
Kevin J. Pearson, Vice Chairman of M&T Bank Corporation (MTB), disposed of 2,000 common shares on July 15, 2026 at $242.00 per share, generating proceeds of $484,000. The filing lists the transaction as an open-market or private sale (code S).
Key Details
- Transaction date: July 15, 2026; filing date: July 16, 2026 (filed within the normal Form 4 window).
- Price and size: 2,000 shares sold at $242.00 each; total proceeds $484,000.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes of note:
- F1: The sale occurred automatically under a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2026 (pre-arranged plan).
- F2: Some reported information is presented as of June 30, 2026.
- F3: References to phantom common stock units indicate units held in a leadership retirement savings plan (payable in cash and including dividend reinvestment); these represent a like number of shares but are cash-settled.
Context
This was a sale (not a purchase). Because it was executed under a Rule 10b5-1 plan, the trade was likely pre-scheduled and may not reflect the insider’s current view of the company. Phantom stock units described in the footnotes are plan-account credits that are paid in cash and are not the same as directly held shares.