M&T Bank Corp: vice chairman Kevin J Pearson sold 2,000 shares

What happened
Kevin J Pearson, vice chairman, sold 2,000 shares at $220.75 on Oct 16, 2026, for $441,500, the filing says. The transaction is reported as an open market or private sale (code S).

Key details

• Transaction date and price: Oct 16, 2026 — 2,000 shares at $220.75, total $441,500.
• Shares owned after the transaction: not specified in the filing.
• Footnotes from the filing: F1 — transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted Mar 5, 2026; F2 — information presented is as of Sep 30, 2026; F3 — reports phantom common stock units held in a plan account payable in cash and including dividend reinvestment.
• Form filed Oct 20, 2026; the filing does not indicate it was late.

Why it may matter
The filing says the sale occurred under a Rule 10b5-1 trading plan adopted Mar 5, 2026. The filing also reports phantom common stock units held in the company plan account that are payable in cash. The filing does not show why the insider traded or why the company acted.