M&T Bank director granted 664 restricted stock units
WASHINGTON HERBERT L reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
WASHINGTON HERBERT L reported acquisition or exercise transactions in this Form 4 filing.
M&T Bank Corporation director Herbert L. Washington reported a new equity award and updated his holdings. He received 664 restricted stock units of M&T Bank Corporation common stock as a grant for service on the Board of Directors. The award was made at no cash cost to him and increases his directly held common stock position to 18,299 shares after the grant.
Each restricted stock unit vests on the first anniversary of the grant and represents a contingent right to receive one share of common stock upon vesting. The filing also shows an indirect holding of 500 common shares held by his wife.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 664 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. The reporting person was granted an award of restricted stock units under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan, as amended and restated, for service on the M&T Bank Corporation Board of Directors. Each restricted stock unit vests on the first anniversary of the grant and represents a contingent right to receive one share of M&T Bank Corporation common stock upon vesting.
Key Figures
Key Terms
restricted stock units financial
Equity Incentive Compensation Plan financial
Board of Directors financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did M&T Bank (MTB) director Herbert Washington report?
What are the terms of Herbert Washington’s restricted stock units from M&T Bank (MTB)?
Was there any purchase or sale of M&T Bank (MTB) stock in this Form 4?
Why did M&T Bank (MTB) grant restricted stock units to Herbert Washington?
AI-generated analysis. How Rhea-AI works. Not financial advice.