M&T Bank (NYSE: MTB) awards director 589 restricted stock units
Rhea-AI Filing Summary
Jacobs Jeremy M Jr reported acquisition or exercise transactions in this Form 4 filing.
M&T Bank Corporation director Jeremy M. Jacobs Jr. reported an equity award of 589 restricted stock units tied to common stock. The grant, issued under the 2019 Equity Incentive Compensation Plan for Board service, vests on the first anniversary, with each unit representing a contingent right to receive one share upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 589 shares
Net Buy
1 txn
Insider
Jacobs Jeremy M Jr
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 589 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 589 shares (Direct)
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 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
Restricted stock units granted: 589 units
Grant price: $0.0000 per share
Reported holdings after award: 589 shares
+2 more
5 metrics
Restricted stock units granted
589 units
Equity award for service on the Board of Directors
Grant price
$0.0000 per share
Reported transaction price for the restricted stock unit award
Reported holdings after award
589 shares
Shares beneficially owned following the reported transaction
Vesting period
1 year
Each restricted stock unit vests on the first anniversary of the grant
Equity plan year
2019
M&T Bank Corporation 2019 Equity Incentive Compensation Plan
Key Terms
restricted stock units, Equity Incentive Compensation Plan, contingent right to receive one share
3 terms
restricted stock units financial
"was granted an award of restricted stock units under the M&T Bank Corporation 2019"
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.
Equity Incentive Compensation Plan financial
"under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan for service"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did M&T Bank (MTB) report for Jeremy M. Jacobs Jr.?
M&T Bank reported that director Jeremy M. Jacobs Jr. received 589 restricted stock units of common stock. The award was granted for Board service under the 2019 Equity Incentive Compensation Plan and each unit can deliver one share of common stock upon vesting after one year.
When do the restricted stock units granted to M&T Bank (MTB) director Jeremy M. Jacobs Jr. vest?
Each restricted stock unit granted to Jeremy M. Jacobs Jr. vests on the first anniversary of the grant. After vesting, each unit entitles him to receive one share of M&T Bank common stock, reflecting a standard one-year vesting schedule for this award.
Under which equity plan were Jeremy M. Jacobs Jr.'s M&T Bank (MTB) restricted stock units granted?
The restricted stock units were granted under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan. This plan provides equity-based compensation for service, and in this case the award was specifically for Jacobs’s role on the M&T Bank Corporation Board of Directors.
Was there a purchase price for Jeremy M. Jacobs Jr.'s M&T Bank (MTB) restricted stock unit grant?
No cash purchase price was paid; the 589 restricted stock units were granted at $0.0000 per share. This reflects a compensatory equity award for Board service rather than an open-market purchase of M&T Bank common stock by the director.