M&T Bank (MTB) CEO trades stock under Rule 10b5-1 plan
Rhea-AI Filing Summary
M&T Bank Corporation Chairman and CEO Rene F. Jones reported automatic share transactions under a Rule 10b5-1 trading plan. On January 21, 2026, he exercised 22,969 options for M&T Bank common stock at an exercise price of $169.38 per share, converting an option award into directly owned shares. On the same date, he disposed of 20,404 common shares at $219.46 per share, and held 100,029.79 common shares directly after these transactions.
Jones also reports indirect holdings of 1,067.2177 common shares for each of two daughters through custodial accounts and 6,074 common shares through a 401(k) plan, with this indirect information presented as of December 31, 2025. The derivative option position of 22,969 shares is noted as currently exercisable and granted under M&T Bank’s equity incentive compensation plan, with no price paid for the option itself.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option (right to buy) | 22,969 | $0.00 | -- |
| Exercise | Common Stock | 22,969 | $169.38 | $3.89M |
| Tax Withholding | Common Stock | 20,404 | $219.46 | $4.48M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The reported transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 9, 2025. These shares are owned by the daughter of the reporting person through a custodial account under the Uniform Gifts to Minors Act for which the reporting person is custodian. The information presented is as of December 31, 2025. Currently exercisable. The option was granted under an equity incentive compensation plan maintained by M&T Bank Corporation, and therefore the reporting person paid no price for the option.
FAQ
What insider transactions did M&T Bank (MTB) CEO Rene F. Jones report?
M&T Bank Corporation CEO Rene F. Jones reported exercising 22,969 stock options for common stock at an exercise price of $169.38 per share on January 21, 2026. On the same day, he disposed of 20,404 common shares at $219.46 per share and held 100,029.79 common shares directly after these transactions.
Was the M&T Bank (MTB) CEO’s Form 4 trading under a Rule 10b5-1 plan?
Yes. A footnote states that the reported transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 9, 2025. This indicates the trades followed a pre-established plan rather than being initiated at the time of the transaction.
What derivative securities did the M&T Bank (MTB) CEO exercise in this Form 4?
The filing lists an Option (right to buy) on M&T Bank common stock covering 22,969 shares, with an exercise price of $169.38 per share and an expiration date of January 30, 2032. This option was reported as currently exercisable and was granted under an equity incentive compensation plan, with no price paid for the option itself.
What do the transaction codes M and F mean in the M&T Bank (MTB) Form 4?
In this Form 4, transaction code M is used for the exercise of an option, where 22,969 options on M&T Bank common stock were converted into shares at $169.38 per share. Transaction code F is used for a disposition of 20,404 common shares at $219.46 per share on the same date.
Are any of the M&T Bank (MTB) CEO’s reported holdings indirect or held for family members?
Yes. The Form 4 reports indirect ownership of M&T Bank common stock: 1,067.2177 shares are held for each of two daughters through custodial accounts under the Uniform Gifts to Minors Act, and 6,074 shares are held through a 401(k) plan. The filing notes that this indirect ownership information is presented as of December 31, 2025.