Urban Julianne 4

What Happened
Urban Julianne, Senior EVP & Chief Auditor of M&T Bank (MTB), received vested performance-based restricted stock units (RSUs) and had shares withheld to cover taxes. On 2026-01-30 she was issued 865 shares and 770 derivative shares (total 1,635 shares) at $0.00 (RSU vesting) and 350 shares were withheld/disposed at $221.57 each to satisfy tax withholding, totaling $77,550. These were awards/settlements of previously granted performance-based RSUs rather than open-market purchases.

Key Details

• Transaction date: 2026-01-30; Form filed 2026-02-03 (filing appears timely).
• Awards received: 865 shares (A) at $0.00 and 770 shares (A, derivative) at $0.00 — total 1,635 shares from RSU vesting.
• Tax withholding/disposition: 350 shares (F) at $221.57 each = $77,550 withheld/sold to cover taxes.
• Relevant footnotes:
  • F1–F3: Shares issued upon vesting of performance-based RSUs granted in 2023–2025 under the 2019 Equity Incentive Compensation Plan; reporting person paid no purchase price; shares were withheld for taxes on settlement.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No open-market purchase or voluntary sale of shares by the insider — the disposal was tax withholding on vested awards.

Context
These transactions reflect routine equity compensation settlement: performance-based RSUs vested (an award/acquisition), and a portion of shares were withheld to satisfy tax obligations (a common practice that reduces net received shares). This is not an independent buy or sell decision signaling a personal investment change; it documents compensation settlement and tax withholding.