Ledgett Richard H. Jr. 4
4 · M&T BANK CORP · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
M&T Bank Director Richard Ledgett Receives RSU Award
What Happened
Richard H. Ledgett Jr., a director of M&T Bank Corporation (MTB), was granted 664 restricted stock units (RSUs) on 2026-04-30. The award was recorded at $0.00 per unit (an equity grant, not a cash purchase), so the reported acquisition value is $0. These RSUs represent a contingent right to one share of common stock per unit upon vesting.
Key Details
- Transaction date: 2026-04-30 (Form 4 filed 2026-05-04). Filing was within the two-business-day deadline and is timely.
- Transaction type/code: Award/Grant (code A).
- Units granted: 664 RSUs; per-unit price reported: $0.00; reported acquisition value: $0.
- Vesting: Each RSU vests on the first anniversary of the grant (per footnote) and converts to one share upon vesting.
- Shares owned after transaction: Not specified in the provided filing.
- No sale or purchase of shares occurred—this is compensation for board service, not market trading.
Context
Director RSU grants are a common form of non-cash compensation and typically vest over time; they do not indicate an immediate buy or sell decision by the insider. The grant becomes economically meaningful only if and when the RSUs vest and convert to shares (and if the holder chooses to sell).
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-30+664→ 5,545 total
- 390.025(indirect: By IRA)
Common Stock
Footnotes (1)
- [F1]The reporting person was granted an award of restricted stock units under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan, as amended and restated, for service on the M&T Bank Corporation Board of Directors. Each restricted stock unit vests on the first anniversary of the grant and represents a contingent right to receive one share of M&T Bank Corporation common stock upon vesting.