Urban Julianne 4

What Happened

• Urban Julianne, Senior Executive Vice President & Chief Auditor of M&T Bank (MTB), received 945 performance-vested restricted stock units that settled in shares on Feb 13, 2026 (coded as an Award/Acquisition).
• Of the 945 shares issued, 341 shares were withheld to cover tax liabilities at a withholding price of $228.71 per share (disposed, value $77,990). The award itself carried no purchase price to the reporting person.
• Net shares delivered to the insider after tax withholding: 945 awarded − 341 withheld = 604 shares retained.

Key Details

• Transaction date: February 13, 2026. Filing date: February 18, 2026 (filed 5 days after transaction; appears later than the typical 2-business-day Form 4 deadline).
• Award type: Performance-vested restricted stock units granted on Jan 31, 2023 under the 2019 Equity Incentive Plan; earned based on performance for the three-year period ended Dec 31, 2025 (determination made Feb 13, 2026).
• Prices/values: Awarded shares issued at $0 (no purchase price). Tax withholding: 341 shares × $228.71 = $77,990 withheld.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Transaction codes: A = Award/Acquisition (settlement of performance-vested RSUs); F = shares withheld to satisfy tax withholding upon settlement.

Context

• This was a settlement of performance-based restricted stock units (not an open-market purchase or sale). The “disposed” shares reflect tax withholding, not an indication the insider sold shares on market for cash.
• Performance-vested awards reflect compensation tied to pre-established company performance goals; receiving such vested shares is routine when those goals are met. The late filing may be administrative but is worth noting for timeliness.