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M&T Bank insider intends $4.6M stock sale

M&T BANK CORP (MTB) received a notice that company insider Rene F. Jones, through Fidelity Brokerage Services LLC as attorney-in-fact, intends to sell up to 19,396 shares of common stock on or after September 14, 2026 on the NYSE under Rule 144.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

M&T BANK CORP (MTB) received a notice that company insider Rene F. Jones, through Fidelity Brokerage Services LLC as attorney-in-fact, intends to sell up to 19,396 shares of common stock on or after September 14, 2026 on the NYSE under Rule 144. These shares come from restricted stock vesting on January 31, 2025 (7,304 shares) and February 14, 2025 (6,525 shares), and from stock option exercises on July 1, 2025 (4,468 shares) and July 3, 2025 (1,099 shares). The filing lists an aggregate market value of approximately $4,642,432.60 for the shares and cites 144,416,262 common shares as outstanding for context.

Positive

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Negative

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Shares proposed to be sold 19,396 shares Common stock to be sold under Rule 144 on or after September 14, 2026
Aggregate market value of shares $4,642,432.60 Value associated with the 19,396 common shares covered by the notice
Common shares outstanding 144,416,262 shares Referenced as common shares outstanding for M&T BANK CORP
Restricted stock vesting January 31, 2025 7,304 shares Portion of shares to be sold originated from this vesting
Restricted stock vesting February 14, 2025 6,525 shares Portion of shares to be sold originated from this vesting
Stock option exercise July 1, 2025 4,468 shares Portion of shares to be sold originated from this exercise
Stock option exercise July 3, 2025 1,099 shares Portion of shares to be sold originated from this exercise
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 | 01/31/2025 | 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.
Stock Option Exercise financial
"Common | 07/01/2025 | Stock Option Exercise | Issuer"
A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.
attorney-in-fact regulatory
"as attorney-in-fact for Rene F. Jones"
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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for MTB?

It discloses that Rene F. Jones, an insider of M&T BANK CORP (MTB), intends to sell up to 19,396 shares of common stock on or after September 14, 2026 under Rule 144 through Fidelity Brokerage Services LLC.

How many MTB shares are proposed to be sold under this Form 144?

The notice covers a proposed sale of up to 19,396 shares of M&T BANK CORP common stock, with an aggregate market value listed at approximately $4,642,432.60.

What is the source of the MTB shares to be sold by Rene F. Jones?

The 19,396 shares come from restricted stock vesting on January 31, 2025 (7,304 shares) and February 14, 2025 (6,525 shares), and from stock option exercises on July 1, 2025 (4,468 shares) and July 3, 2025 (1,099 shares).

When are the MTB shares expected to be sold according to the Form 144?

The filing lists a proposed sale date of September 14, 2026 for the 19,396 shares of M&T BANK CORP common stock to be sold on the NYSE.

How many MTB common shares are noted as outstanding in the Form 144?

The Form 144 references 144,416,262 M&T BANK CORP common shares outstanding, providing a context figure separate from the 19,396 shares covered by the proposed sale.

Who is executing the sale for Rene F. Jones in the MTB Form 144?

The notice is signed by Jared Cook as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact for Rene F. Jones in connection with the proposed Rule 144 sale.

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

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