STOCK TITAN

M&T Bank (NYSE: MTB) director to sell 623 shares in $150K trade

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

M&T BANK CORP (MTB) received a notice that director Rudina Seseri, through Fidelity Brokerage Services LLC as broker, intends to sell 623 shares of M&T common stock under Rule 144. The shares relate to restricted stock vesting on 04/29/2023 that was issued by M&T as compensation.

The planned sale is listed with an aggregate market value of $150,171.04, and the securities are traded on the NYSE. The Form 144 is signed on Seseri’s behalf by a duly authorized representative of Fidelity Brokerage Services LLC acting as attorney-in-fact.

Positive

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Negative

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Shares to be sold 623 shares Common stock covered by the Form 144 notice for planned sale
Aggregate market value $150,171.04 Value associated with the 623 common shares listed in the notice
Restricted stock vesting date 04/29/2023 Date the common shares originated from restricted stock vesting as compensation
Planned sale date reference 08/21/2026 Date associated with the securities information and signature on the notice
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock vesting financial
"Common | 04/29/2023 | Restricted Stock Vesting | Issuer"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
attorney-in-fact regulatory
"as attorney-in-fact for Rudina Seseri"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What does this Form 144 filing mean for M&T BANK CORP (MTB)?

The filing states that director Rudina Seseri plans to sell 623 shares of M&T BANK CORP common stock under Rule 144, using Fidelity Brokerage Services LLC as broker. It is a notice of a potential sale by an insider, not an issuance of new shares by the company.

How many MTB shares does Rudina Seseri plan to sell and at what value?

The notice covers 623 shares of M&T BANK CORP common stock, with an aggregate market value listed as $150,171.04. These details come from the securities information section of the Form 144.

What is the origin of the MTB shares covered by this Form 144?

The Form 144 states the securities to be sold are common shares received through restricted stock vesting on 04/29/2023, issued by M&T BANK CORP as compensation to director Rudina Seseri.

On which exchange are the MTB shares in this Form 144 traded?

The filing identifies the common shares of M&T BANK CORP as traded on the NYSE. This is specified in the securities information section of the notice.

Who is executing the planned sale for Rudina Seseri in this MTB Form 144?

The broker listed is Fidelity Brokerage Services LLC. The Form 144 is signed by Daniel Tucci as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact for Rudina Seseri.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature