M&T Bank (NYSE: MTB) director to sell 623 shares in $150K trade
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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Key Figures
Shares to be sold: 623 shares
Aggregate market value: $150,171.04
Restricted stock vesting date: 04/29/2023
+1 more
4 metrics
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
Key Terms
Rule 144, restricted stock vesting, attorney-in-fact
3 terms
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.
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.