M&T Bank (MTB) Director Jeremy M. Jacobs Jr Receives 589-RSU Award

What Happened

• Jeremy M. Jacobs Jr., a director of M&T Bank Corporation (MTB), was granted 589 restricted stock units (RSUs) on July 31, 2026. The Form 4 reports the acquisition at $0.00 per unit (grant value shown as $0) — these RSUs are a compensation award, not an open-market purchase or sale. Each RSU represents a contingent right to receive one share of M&T common stock upon vesting.

Key Details

• Transaction date: 2026-07-31; Form 4 filed: 2026-08-05 (filed after the typical 2-business-day window for insiders — appears late).
• Grant: 589 RSUs at $0.00 per unit (total reported $0 on Form 4).
• Vesting: Each RSU vests on the first anniversary of the grant (approximately 07/31/2027) and converts to one share upon vesting (per footnote).
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnote: RSUs granted under the 2019 Equity Incentive Compensation Plan for board service; vesting contingent and converts to one share per RSU.

Context

• RSU grants to directors are common as compensation for board service; they are not immediate share purchases or sales. RSUs do not increase a director’s voting power or share count until they vest and shares are issued; tax withholding or share withholding may occur at vesting (not reported here). Such awards are routine and should be viewed as compensation rather than a direct buy/sell signal.