M&T Bank (MTB) awards 664 restricted stock units to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
M&T Bank Corporation director John P. Barnes received an equity award of 664 restricted stock units of common stock. The grant was made under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan for his service on the Board of Directors. Each restricted stock unit vests on the first anniversary of the grant and then converts into one share of M&T Bank Corporation common stock. Following this award, Barnes directly holds 15,806 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BARNES JOHN P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 664 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 15,806 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 664 restricted stock units
Grant price: $0.0000 per share
Vesting schedule: First anniversary of grant
+2 more
5 metrics
RSU grant size
664 restricted stock units
Equity award for Board service
Grant price
$0.0000 per share
Compensation grant, not open-market purchase
Vesting schedule
First anniversary of grant
Each RSU vests after one year
Post-transaction holdings
15,806 shares
Common stock directly owned after grant
RSU conversion ratio
1 share per RSU
Each unit delivers one common share upon vesting
Key Terms
restricted stock units, M&T Bank Corporation 2019 Equity Incentive Compensation Plan, contingent right to receive, Board of Directors
4 terms
restricted stock units financial
"The reporting person was granted an award of restricted stock units under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
M&T Bank Corporation 2019 Equity Incentive Compensation Plan financial
"granted an award of restricted stock units under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan, as amended and restated"
contingent right to receive financial
"Each restricted stock unit vests on the first anniversary of the grant and represents a contingent right to receive one share"
Board of Directors financial
"for service on the M&T Bank Corporation Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What insider transaction did M&T Bank (MTB) report for John P. Barnes?
M&T Bank reported that director John P. Barnes received a grant of 664 restricted stock units of common stock. The award was issued as equity compensation for his service on the company’s Board of Directors under the 2019 Equity Incentive Compensation Plan.
What are the terms of the 664 restricted stock units granted at M&T Bank (MTB)?
The 664 restricted stock units each represent a contingent right to receive one share of M&T Bank common stock. According to the grant terms, every unit vests on the first anniversary of the grant date, after which shares are delivered upon vesting.
Is the John P. Barnes Form 4 transaction an open-market purchase of MTB stock?
No. The Form 4 shows a grant classified as a “grant, award, or other acquisition,” not an open-market purchase. The 664 restricted stock units were awarded as compensation and carry a zero-dollar price per share, subject to vesting conditions after one year.
What plan governs the restricted stock unit grant to M&T Bank director John P. Barnes?
The award to John P. Barnes was granted under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan, as amended and restated. This plan provides equity-based compensation, such as restricted stock units, for service on the company’s Board of Directors.