MTB Form 144 Discloses Planned 20,087-Share Sale Worth $3.88M

Rhea-AI Filing Summary

M&T Bank Corp. (MTB) filed a Form 144 reporting a proposed sale of 20,087 common shares. The sale is to occur through Fidelity Brokerage Services on the NYSE around 08/14/2025 with an aggregate market value of $3,883,210.52. The 20,087 shares consist of 15,087 option-derived shares (noted as acquired 08/14/2025 with option granted 01/29/2021) paid in cash, plus 1,929 shares that vested 01/31/2025 and 3,071 shares that vested 02/14/2025, both issued as compensation. The filing reports no securities sold in the past three months by the account and includes the standard insider representation regarding material non-public information.

Positive

• Full Rule 144 disclosure provided including broker, share counts, aggregate market value, and acquisition details
• Securities to be sold reconcile to option exercise and recent restricted stock vesting, showing the sale arises from routine compensation events
• No sales in the prior three months reported, indicating this is not part of a larger, recent liquidation

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider plans to sell 20,087 MTB shares (~0.013% of outstanding), a routine disposition disclosed under Rule 144.

The filing shows a scheduled brokered sale through Fidelity with an aggregate value of $3.88 million. The sale aggregates option proceeds and recently vested restricted stock issued as compensation. Relative to the issuer's 156,269,291 shares outstanding, the planned sale is immaterial in size and does not reflect forced liquidation or prior recent sales ("Nothing to Report" for the past three months).

This is a standard compliance disclosure; it provides transparency on insider liquidity but contains no indicators of material financial stress or corporate events.

Corporate Governance Expert

TL;DR: The Form 144 is a routine insider disclosure consistent with executive compensation vesting and option exercise.

The schedule reconciles the 20,087 shares to option-related and vesting events, with payment types listed as cash for option shares and compensation for vested restricted stock. The filer affirms no material non-public information is known. From a governance standpoint, the filing meets Rule 144 notification requirements and signals normal insider monetization following vesting and option exercise rather than an unusual governance event.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	20087	3883210.52	156269291	08/14/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/14/2025	Option Granted 01/29/2021	Issuer			15087	08/14/2025	Cash
Common	01/31/2025	Restricted Stock Vesting	Issuer			1929	01/31/2025	Compensation
Common	02/14/2025	Restricted Stock Vesting	Issuer			3071	02/14/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does M&T Bank (MTB) Form 144 report?

The filing reports a proposed sale of 20,087 common shares through Fidelity on the NYSE around 08/14/2025 with an aggregate market value of $3,883,210.52.

How were the 20,087 MTB shares acquired?

15,087 shares are listed from an option-related acquisition, paid in cash; 1,929 and 3,071 shares were acquired via restricted stock vesting on 01/31/2025 and 02/14/2025, respectively, as compensation.

Does the Form 144 show prior insider sales by this person at MTB?

No. The filing states "Nothing to Report" for securities sold in the past three months by the person for whose account the securities are to be sold.

Where will the MTB shares be sold and when?

The shares are scheduled to be sold on the NYSE through Fidelity Brokerage Services, with an approximate sale date of 08/14/2025.

Is there any statement about material non-public information in the filing?

Yes. The filer represents by signing the notice that they do not know any material adverse non-public information regarding the issuer.