Director at M&T Bank (NYSE: MTB) gets 664 RSUs equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
M&T Bank Corporation director Leslie V. Godridge received an equity award rather than making an open‑market trade. On the grant date, the director was awarded 664 restricted stock units under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan for service on the Board of Directors.
Each restricted stock unit will vest on the first anniversary of the grant and then convert into one share of M&T Bank common stock. Following this grant, the director now holds 5,121 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GODRIDGE LESLIE V
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 664 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 5,121 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 664 units
Grant price per unit: $0.0000 per unit
Shares owned after grant: 5,121 shares
+1 more
4 metrics
RSUs granted
664 units
Restricted stock units granted for Board service on <date> 2026-04-30
Grant price per unit
$0.0000 per unit
Compensation award, non-cash acquisition
Shares owned after grant
5,121 shares
Common stock directly owned following the RSU award
Vesting schedule
1-year cliff
Each RSU vests on the first anniversary of the grant date
Key Terms
restricted stock units, 2019 Equity Incentive Compensation Plan, Board of Directors, contingent right
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.
2019 Equity Incentive Compensation Plan financial
"under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan, as amended and restated"
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.
contingent right financial
"represents a contingent right to receive one share of M&T Bank Corporation common stock upon vesting"
FAQ
What did M&T Bank (MTB) director Leslie V. Godridge report in this Form 4?
Leslie V. Godridge reported receiving 664 restricted stock units as an equity award for service on M&T Bank’s Board of Directors. The award is part of the 2019 Equity Incentive Compensation Plan and does not reflect an open-market stock purchase or sale.
When do the newly granted M&T Bank (MTB) restricted stock units vest?
Each of the 664 restricted stock units vests on the first anniversary of the grant date. Upon vesting, each unit represents a contingent right to receive one share of M&T Bank Corporation common stock, delivering the equity compensation over a one-year service period.
Under which plan were the M&T Bank (MTB) restricted stock units granted?
The 664 restricted stock units were granted under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan, as amended and restated. This plan provides equity-based compensation for eligible participants, and in this case specifically recognizes service on the company’s Board of Directors.