M&T Bank (NYSE: MTB) insider sells 881 shares after exercising options
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 881 shares ($213,202)
Net Sell
5 txns
Insider
Woodrow Tracy S.
Role
Sr. Executive Vice President
Sold
881 shs ($213K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option (right to buy) | 376 | $0.00 | -- |
| Exercise | Option (right to buy) | 505 | $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 shares (Direct, null);
Common Stock — 9,984 shares (Direct, null)
Footnotes (1)
- The reported transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 6, 2026. 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.
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
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.
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.
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.