Earnings Feed
Start Free
M&T BANK CORP·4

Feb 3, 6:44 PM ET

Taylor John R. 4

Research Summary

AI-generated summary

Updated

M&T Bank EVP John R. Taylor Sells Shares & Receives RSUs

What Happened

  • John R. Taylor, Executive Vice President and Controller of M&T Bank (MTB), reported vesting of performance-based restricted stock units and an open-market sale.
  • On 2026-01-30 a total of 795 shares (560 + 235) vested as performance-based restricted stock units (no purchase price). As part of the settlement, 240 shares were withheld to cover taxes (reported as a disposition of 240 shares at $221.57 each, $53,177).
  • On 2026-02-02 Taylor sold 704 shares in the open market at a weighted-average price of $225.34 for proceeds of $158,638. Combined reported dispositions total approximately $211,815 (note: $53,177 of that reflects tax withholding).

Key Details

  • Transaction dates and prices:
    • 2026-01-30: 560 RSUs vested @ $0.00; 235 performance RSUs vested @ $0.00.
    • 2026-01-30: 240 shares withheld for taxes disposed @ $221.57 (total $53,177).
    • 2026-02-02: 704 shares sold in multiple trades, weighted avg price $225.34 (range $225.26–$225.378); total proceeds $158,638.
  • Shares owned after the transaction: Not disclosed in this filing.
  • Relevant footnotes:
    • F1/F2: The vested shares were performance-based RSUs granted under the 2019 Equity Incentive Compensation Plan and were issued at no cost to the reporting person.
    • F3: 240 shares were withheld to satisfy tax withholding obligations upon settlement.
    • F4: The open-market sale was executed in multiple trades; the filing shows a weighted-average sale price and offers to provide full trade details upon request.
    • F5–F7 provide plan and vesting context; F6/F7 reference option vesting/grant language in the plan but are not directly tied to a reported option exercise here.
  • Filing timeliness: The Form 4 was filed on 2026-02-03 and appears timely relative to the reported transaction dates.

Context

  • The vesting was performance-based and the withheld shares represent tax withholding rather than an active sale by the insider. The open-market sale was a routine disposition; filings like this document the transaction but do not explain the insider’s motivation.