MTB insider files Form 144 to sell 15,000 shares via J.P. Morgan
Rhea-AI Filing Summary
M&T Bank Corp. (MTB) Form 144 filing discloses a proposed sale of 15,000 shares of Common Stock through J.P. Morgan Securities LLC on 08/22/2025. The filing reports an aggregate market value of $2,886,450 against 156,269,291 shares outstanding, indicating the position is a very small fraction of total shares. The shares were acquired on 04/02/2022 in connection with a merger from the issuer, and no other sales by the reporting person were reported in the past three months. The notice includes the standard attestation that the seller is not aware of undisclosed material adverse information and contains the required signature warning about intentional misstatements.
Positive
- Timely disclosure of a proposed Rule 144 sale specifying broker, quantity, and approximate sale date
- No reported sales by the reporting person in the prior three months, suggesting this is an isolated disposition
Negative
- Insider sale of 15,000 shares (although immaterial relative to 156,269,291 outstanding shares)
- No trading-plan date disclosed in the filing (if a 10b5-1 plan exists, it is not indicated here)
Insights
TL;DR: Small insider sale listed — 15,000 shares proposed, negligible versus outstanding shares; unlikely to move the stock materially.
The filing shows a planned sale of 15,000 common shares via J.P. Morgan with an aggregate market value of $2,886,450 and 156,269,291 shares outstanding. The shares were acquired in a merger on 04/02/2022. Relative to the company's share count, the block represents under 0.01% of outstanding shares, which is immaterial from a market-impact perspective. The filing includes the standard attestation and reports no sales in the prior three months, consistent with routine Rule 144 disclosures.
TL;DR: Disclosure complies with Rule 144 requirements and includes the required attestation; no red flags in the document itself.
The Form 144 identifies the broker, J.P. Morgan Securities LLC, the approximate sale date of 08/22/2025, and the acquisition details (merger on 04/02/2022). It states no sales in the past three months and contains the seller's representation regarding material adverse information. From a compliance standpoint, the form appears complete for a standard Rule 144 notice; there is no evidence in the filing of trading-plan dates or other exemptions disclosed.