M&T Bank Corp (NYSE: MTB) vice chair sells 2,000 shares in 10b5-1 trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vice Chairman Kevin J. Pearson of M&T Bank Corp sold 2,000 shares of common stock at $242 per share in an open-market transaction on July 15, 2026, executed automatically under a Rule 10b5-1 trading plan adopted on March 5, 2026.
After the sale, he holds 44,107 shares of common stock directly, plus 3,541 shares indirectly through a 401(k) plan and 3,807 phantom common stock units in a supplemental retirement plan that are payable in cash and track an equivalent number of M&T Bank common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,000 shares ($484,000)
Net Sell
3 txns
Insider
PEARSON KEVIN J
Role
Vice Chairman
Sold
2,000 shs ($484K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,000 | $242.00 | $484K |
| holding | Phantom Common Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 44,107 shares (Direct);
Phantom Common Stock Units — 3,807 shares (Indirect, By Supplemental 401(k) Plan);
Common Stock — 3,541 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- The reported transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2026. The information presented is as of June 30, 2026. The reported phantom common stock units are held by the reporting person in a plan account maintained by M&T Bank Corporation under the M&T Bank Corporation Leadership Retirement Savings Plan and represent a like number of shares of M&T Bank Corporation common stock. The phantom common stock units are payable in cash and distributed in accordance with the terms of the plan. The reported phantom common stock units also include units acquired through the dividend reinvestment feature of the plan.
Key Figures
Shares sold: 2,000 shares
Sale price: $242 per share
Direct holdings after sale: 44,107 shares
+2 more
5 metrics
Shares sold
2,000 shares
Open-market sale of M&T Bank common stock on July 15, 2026
Sale price
$242 per share
Price per share for the 2,000 common shares sold on July 15, 2026
Direct holdings after sale
44,107 shares
M&T Bank common stock held directly by Kevin J. Pearson following the reported sale
401(k) plan holdings
3,541 shares
M&T Bank common stock held indirectly through a 401(k) plan
Phantom common stock units
3,807 units
Phantom units in a supplemental plan representing a like number of M&T Bank common shares
Key Terms
Rule 10b5-1 trading plan, Phantom common stock units, Leadership Retirement Savings Plan, dividend reinvestment feature
4 terms
Rule 10b5-1 trading plan regulatory
"occurred automatically pursuant to a Rule 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Phantom common stock units financial
"The reported phantom common stock units are held by the reporting person"
Leadership Retirement Savings Plan financial
"under the M&T Bank Corporation Leadership Retirement Savings Plan and represent"
dividend reinvestment feature financial
"also include units acquired through the dividend reinvestment feature of the plan"
FAQ
What are the phantom common stock units reported for M&T Bank (MTB)?
Kevin J. Pearson holds 3,807 phantom common stock units in the M&T Bank Corporation Leadership Retirement Savings Plan. These units represent a like number of common shares, are payable in cash, and include units acquired through the plan’s dividend reinvestment feature.
How much indirect ownership in M&T Bank (MTB) does Kevin J. Pearson report?
Kevin J. Pearson reports 3,541 M&T Bank common shares held indirectly through a 401(k) plan. In addition, he holds 3,807 phantom common stock units through a supplemental retirement plan that track an equivalent number of common shares but are ultimately settled in cash.