M&T Bank Corp (NYSE: MTB) director sells 855 common shares at $248.161
Rhea-AI Filing Summary
M&T Bank Corp director Richard H. Ledgett Jr. reported selling 855 shares of common stock on 2026-08-03 at $248.161 per share in an open-market or private transaction. Following this sale, he reported 4,690 shares held directly and 390.025 shares held indirectly through an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 855 shares
Net Sell
2 txns
Insider
Ledgett Richard H. Jr.
Role
Director
Sold
855 shs ($212K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 855 | $248.161 | $212K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,690 shares (Direct);
Common Stock — 390.025 shares (Indirect, By IRA)
Key Figures
Shares sold: 855 shares
Sale price per share: $248.161
Direct holdings after sale: 4,690 shares
+1 more
4 metrics
Shares sold
855 shares
Common stock sale on 2026-08-03 by director Richard H. Ledgett Jr.
Sale price per share
$248.161
Per-share price for the 855 common shares sold on 2026-08-03
Direct holdings after sale
4,690 shares
Directly owned M&T Bank common stock following the reported sale
Indirect IRA holdings
390.025 shares
Common shares held indirectly through an IRA as of 2026-08-03
Key Terms
open market or private transaction, indirect ownership, IRA
3 terms
open market or private transaction financial
"Transaction code description notes a sale in open market or private transaction"
indirect ownership financial
"One entry shows indirect ownership of common stock through an IRA"
IRA financial
"Nature of ownership is described as By IRA for certain shares"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider sale did M&T Bank Corp (MTB) disclose for Richard H. Ledgett Jr.?
M&T Bank Corp reported that director Richard H. Ledgett Jr. sold 855 common shares on 2026-08-03 at $248.161 per share. The transaction was coded as a sale in an open market or private transaction, reducing his directly held stake but leaving a meaningful position.
Was the M&T Bank (MTB) insider transaction made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, meaning the sale is not labeled as executed under a Rule 10b5-1 trading plan. No footnotes describe any pre-arranged trading arrangement for this transaction.
What does indirect ownership "By IRA" mean in the M&T Bank (MTB) Form 4?
The Form 4 lists 390.025 M&T Bank shares as held indirectly, with the nature of ownership described as "By IRA." This indicates those shares are owned through an individual retirement account associated with Richard H. Ledgett Jr., rather than held directly in his name.
What role does Richard H. Ledgett Jr. have at M&T Bank Corp (MTB)?
Richard H. Ledgett Jr. is reported as a director of M&T Bank Corp. In this Form 4, he reports both a sale of 855 common shares and his remaining direct and indirect holdings in the company following the transaction.