D'Arcy Peter 4

4 · M&T BANK CORP · Filed Feb 3, 2026

AI-generated summary of this filing

Updated Feb 3, 2026

M&T Bank (MTB) Sr. EVP Peter D'Arcy Receives 4,849 Shares

What Happened

Peter D'Arcy, Senior Executive Vice President of M&T Bank (MTB), had performance-based restricted stock units vest on January 30, 2026. The filing shows two grants/settlements totaling 4,849 shares (2,908 shares and 1,941 shares) recorded as acquisitions at $0.00 (these were awards, not purchases).
To cover tax withholding on the vesting, 1,225 shares were withheld/disposed at a reported per-share value of $221.57, totaling $271,423. Net new shares retained by D'Arcy from this event were 3,624 shares (4,849 granted minus 1,225 withheld).
This was issuance/vesting of awards (not an open-market buy or sale) — routine compensation-related activity rather than a trade signal.

Key Details

Transaction date: January 30, 2026.
Grants/settlements: 2,908 shares and 1,941 shares (awarded/vested) recorded at $0.00 (performance-based RSUs granted under the 2019 Equity Incentive Compensation Plan).
Tax withholding/disposition: 1,225 shares withheld at $221.57 per share = $271,423.
Net shares added: +3,624 shares.
Relevant footnotes: awards were performance-based RSUs granted Jan 31, 2023/2024/2025 (vested on achievement of goals); shares were issued at no cost to the reporting person; shares were withheld to satisfy tax liability; some derivative/phantom units may be held in an excess benefit plan and are payable in cash per plan terms.
Filing timeliness: marked as late (L) — the filing was not timely; late filings can reduce transparency but do not change the substance of the reported transactions.

Context

This was a vesting/award event (compensation) and the withheld "sale" was solely to pay taxes — not an open-market sale that would signal a change in the insider's market view.
For retail investors, awards increase insider holdings but are part of regular compensation; purchases are typically more informative when assessing insider sentiment.

Form 4

Period: 2026-01-30

Sr. Executive Vice President

Transactions

Award
Common Stock
[F1][F2]
2026-01-30+2,908→ 12,227 total
Tax Payment
Common Stock
[F3]
2026-01-30$221.57/sh−1,225$271,423→ 11,002 total
Award
Option (right to buy)
[F5][F4]
2026-01-30+1,941→ 1,941 total
Exercise: $221.57Exp: 2036-01-30→ Common Stock (1,941 underlying)

Holdings

Phantom Common Stock Units
[F6][F7]
(indirect: By 401(k))
→ Common Stock (332 underlying)
332

Footnotes (7)

[F1]Shares issued pursuant to vesting of performance-based restricted stock units, which were granted to the reporting person on January 31, 2023, January 31, 2024 and January 31, 2025, under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan (the " Equity Plan") and vested upon achievement of performance goals for the applicable performance periods.
[F2]The performance-based restricted stock units were granted under the Equity Plan, and therefore the reporting person paid no price for the performance-based restricted stock units.
[F3]Shares withheld for taxes upon the settlement in shares of performance-based restricted stock units previously granted to the reporting person.
[F4]The option vests ratably on the first, second and third anniversary of the grant date.
[F5]The option was granted under the Equity Plan, and therefore the reporting person paid no price for the option.
[F6]The reported phantom common stock units are held by the reporting person in an excess benefit plan account maintained by M&T Bank Corporation and represent a like number of shares of M&T Bank Corporation common stock. The phantom common stock units are payable in cash and distributed in accordance with the terms of the plan. The reported phantom common stock units also include units acquired through the dividend reinvestment feature of the plan.
[F7]The information presented is as of December 31, 2025.

Signature

By: Stephen T. Wilson (Attorney-In-Fact)|2026-02-03

1 file