Wisler Michael A. 4

What Happened

• Michael A. Wisler, Senior Executive Vice President of M&T Bank Corp. (MTB), exercised stock options and conducted an open-market sale on Feb 26, 2026. He exercised 2,588 options at a $156.00 strike and 2,163 options at a $138.10 strike (total acquired 4,751 shares for $702,438). He sold 8,236.977 shares in the open market for a weighted-average price of $223.48, generating proceeds of approximately $1,840,810.
• The filing also lists the exercised option shares in the derivative/disposition lines at $0.00 — a reporting convention tied to the option conversion (not separate cash sales).

Key Details

• Transaction date: 2026-02-26; Form 4 filed 2026-03-02 (timely — filed within the 2 business‑day window).
• Exercises: 2,588 shares @ $156.00 (cost $403,728) and 2,163 shares @ $138.10 (cost $298,710).
• Open-market sale: 8,236.977 shares @ weighted avg $223.48 (price range $223.397–$223.81) — proceeds ≈ $1,840,810. (Footnote: weighted average reported; detailed trade prices available on request.)
• Footnotes: options were granted under M&T’s equity incentive plan (reporting person paid no price to receive the option); options were currently exercisable.
• Shares beneficially owned after the transaction are not shown in the provided summary of this filing.

Context

• This was primarily a sale of shares. The insider also exercised options (a common compensation action). The number of shares sold (8,236.977) exceeds the number acquired via exercise (4,751), indicating the sale included previously held shares as well as shares from the exercise; the filing shows conversion/derivative entries as $0.00 for reporting mechanics.
• For retail investors: purchases reveal stronger direct insider buying signals than routine option exercises followed by sales. This filing documents option exercise plus a significant open‑market sale, not an outright purchase.