D'Arcy Peter 4

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.