M&T Bank SVP exercises options, sells 881 shares

M&T Bank Corporation senior executive vice president Woodrow Tracy S. reported an option exercise and share sale in company stock.

Rhea-AI Filing Summary

M&T Bank Corporation senior executive vice president Woodrow Tracy S. reported an option exercise and share sale in company stock. On July 1, 2026, he exercised options to acquire a total of 881 shares of common stock at strike prices of $164.54 and $190.78 per share, then sold 881 shares in an open-market transaction at $242.00 per share.

The filing shows he now holds about 9,608 common shares directly after these transactions. The activity occurred automatically under a Rule 10b5-1 trading plan adopted on March 6, 2026, and the options exercised were granted under an equity incentive compensation plan maintained by M&T Bank Corporation.

Insider Trade Summary 10b5-1

Exercise and Sale: 881 shares ($58K approx. pre-tax spread)

Exercise and Sale 5 txns

Insider Woodrow Tracy S.

Role Sr. Executive Vice President

Sold 881 shs ($213K)

Approx. gross sale proceeds $213K

Approx. exercise cost $155K

Approx. pre-tax spread $58K

Type	Security	Shares	Price	Value
Exercise	Option (right to buy)	376	$0.00	$0.00
Exercise	Option (right to buy)	505	$0.00	$0.00
Exercise	Common Stock	376	$190.78	$72K
Exercise	Common Stock	505	$164.54	$83K
Sale	Common Stock	881	$242.00	$213K

Holdings After Transaction: Option (right to buy) — 0 contracts (Direct); Common Stock — 9,608 shares (Direct)

Footnotes (3)

1. F1. The reported transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 6, 2026.
2. F2. Currently exercisable.
3. F3. 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.

Key Figures

Shares sold: 881 shares Sale price: $242.00 per share Options exercised at $164.54: 505 shares +5 more

8 metrics

Shares sold 881 shares Open-market sale of common stock on July 1, 2026 at $242.00

Sale price $242.00 per share Price for 881 common shares sold on July 1, 2026

Options exercised at $164.54 505 shares Common stock acquired via option exercise at $164.54 strike

Options exercised at $190.78 376 shares Common stock acquired via option exercise at $190.78 strike

Total shares from option exercises 881 shares Aggregate common shares from derivative exercises on July 1, 2026

Shares held after transactions 9,608 shares Direct common stock ownership following July 1, 2026 activity

Rule 10b5-1 plan adoption date March 6, 2026 Date trading plan was adopted for automated transactions

Option expiration dates 2028-01-31 and 2029-01-31 Expiration dates for exercised options on M&T Bank stock

Key Terms

Rule 10b5-1 trading plan, Exercise or conversion of derivative security, equity incentive compensation plan, Sr. Executive Vice President, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The reported transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 6, 2026."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

Exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

equity incentive compensation plan financial

"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."

An equity incentive compensation plan is a company program that pays employees, managers or directors with shares or rights to buy shares so their financial rewards rise with the company’s value—like giving team members a stake in the house they’re helping maintain. Investors care because these plans change how many shares exist (dilution), create ongoing expense and influence management’s motivation, all of which can affect future earnings and stock price.

Sr. Executive Vice President financial

"officer_title: Sr. Executive Vice President"

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did M&T Bank (MTB) executive Woodrow Tracy S. report in this Form 4?

He reported exercising stock options and selling common shares of M&T Bank. On July 1, 2026, he exercised options for 881 shares and sold 881 shares in an open-market transaction while remaining a direct shareholder in the company.

How many M&T Bank (MTB) shares did the insider sell and at what price?

He sold 881 shares of M&T Bank common stock. The sale occurred on July 1, 2026, at an open-market price of $242.00 per share, as disclosed in the Form 4 insider trading report.

What stock options did the M&T Bank (MTB) executive exercise in this filing?

He exercised options covering 505 shares at a $164.54 strike and 376 shares at a $190.78 strike. Both options were currently exercisable and related to M&T Bank common stock granted under an equity incentive compensation plan.

How many M&T Bank (MTB) shares does the insider hold after these transactions?

Following the reported option exercises and sale, he directly holds about 9,608 shares of M&T Bank common stock. This figure reflects his remaining direct ownership position after the July 1, 2026 transactions disclosed in the Form 4.

Was the M&T Bank (MTB) insider’s sale made under a Rule 10b5-1 plan?

Yes, the sale occurred automatically under a Rule 10b5-1 trading plan. The footnotes state the plan was adopted on March 6, 2026, indicating the transactions were pre-arranged rather than discretionary market-timing decisions.

What is the significance of the option grant details in this M&T Bank (MTB) Form 4?

The options were granted under an equity incentive compensation plan, with no price paid for the options themselves. Their exercise converted derivative awards into common shares, reflecting routine compensation-related activity rather than open-market purchases.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/06/2026 - 04:12 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Woodrow Tracy S.

(Last) (First) (Middle)

ONE M&T PLAZA

(Street)

BUFFALO NEW YORK 14203

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
M&T BANK CORP [ MTB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. Executive Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/01/2026		M(1)		376	A	$190.78	9,984	D
Common Stock	07/01/2026		M(1)		505	A	$164.54	10,489	D
Common Stock	07/01/2026		S(1)		881	D	$242	9,608	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (right to buy)	$190.78	07/01/2026		M			376	(2)	01/31/2028	Common Stock	376	$0(3)	0	D
Option (right to buy)	$164.54	07/01/2026		M			505	(2)	01/31/2029	Common Stock	505	$0(3)	0	D

Explanation of Responses:

1. The reported transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 6, 2026.

2. Currently exercisable.

3. 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.

Remarks:

	By: Stephen T. Wilson (Attorney-In-Fact)	07/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)