M&T Bank (MTB) director Rudina Seseri receives 664-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
M&T Bank Corporation director Rudina Seseri reported receiving a grant of 664 shares of common stock, shown in the filing as a grant/award acquisition at $0.00 per share. Following this award, she directly holds 4,190 common shares.
According to the footnote, the award consists of restricted stock units granted under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan for service on the 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 common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Seseri Rudina
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 664 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,190 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 664 shares
Post-transaction holdings: 4,190 shares
Grant price: $0.00 per share
+1 more
4 metrics
Shares granted
664 shares
Grant/award acquisition of common stock
Post-transaction holdings
4,190 shares
Common stock directly held after grant
Grant price
$0.00 per share
Recorded transaction price for the 664-share award
Vesting period
1 year
Each restricted stock unit vests on first anniversary of grant
Key Terms
restricted stock units, Equity Incentive Compensation Plan, contingent right, vests
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.
Equity Incentive Compensation Plan financial
"under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan, as amended and restated"
contingent right financial
"represents a contingent right to receive one share of M&T Bank Corporation common stock upon vesting"
vests financial
"Each restricted stock unit vests on the first anniversary of the grant"
FAQ
What insider transaction did M&T Bank (MTB) director Rudina Seseri report?
Director Rudina Seseri reported an acquisition of 664 shares of M&T Bank common stock as a grant or award. The transaction was recorded at $0.00 per share and reflects equity compensation rather than an open-market stock purchase.
What type of equity award did Rudina Seseri receive from M&T Bank (MTB)?
She received an award of restricted stock units under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan. Each unit represents a contingent right to receive one share of common stock once specific vesting conditions are met.
What are the vesting terms of Rudina Seseri’s restricted stock units at M&T Bank (MTB)?
Each restricted stock unit granted to Rudina Seseri vests on the first anniversary of the grant date. Upon vesting, each unit converts into one share of M&T Bank common stock, delivering equity compensation tied to continued board service.
Was Rudina Seseri’s M&T Bank (MTB) Form 4 transaction a market buy or compensation grant?
The Form 4 describes the transaction as a grant, award, or other acquisition, not an open-market purchase. The 664-share award is part of equity compensation for board service, recorded at $0.00 per share in the filing.