Singh Neeraj 4

What Happened

• Neeraj Singh, Senior Executive Vice President of M&T Bank, received equity from vested performance-based restricted stock units (RSUs) on 2026-01-30. The filing shows 397 shares issued (acquired at $0.00) and an additional 1,606 derivative shares from the same award (also recorded at $0.00). Simultaneously, 165 shares were withheld to cover tax obligations at an attributed price of $221.57 per share, totaling $36,559 (coded as F for tax withholding).
• These were awards that vested upon achievement of performance goals; they were not open-market purchases or discretionary sales by the insider. The awards had no purchase price to the reporting person.

Key Details

• Transaction date: January 30, 2026 (Form 4 filed February 3, 2026).
• Share details: 397 shares issued (A), 1,606 derivative shares issued (A, derivative), 165 shares withheld for taxes (F) at $221.57 each = $36,559.
• Footnotes: F1–F3 state these shares were issued upon vesting of performance-based RSUs granted Jan 31, 2025 under the company’s 2019 Equity Incentive Compensation Plan; the RSUs had no purchase price and shares were withheld to satisfy tax withholding.
• Shares owned after the transaction: not specified in the provided summary of the filing.
• Filing timeliness: Form filed 2026-02-03 for a 2026-01-30 transaction; the filing shows no explicit late-filing flag in the provided information.

Context

• This is a routine equity-settlement event (performance RSUs vesting) rather than an open-market buy or voluntary sale. The 165-share disposition is a tax-withholding action (common when RSUs settle in shares) and should not be read as the insider selling shares to take profits.
• For retail investors, award vesting signals that performance goals were met for the covered period; it is informational but not a direct bullish/bearish trade by the insider.