M&T Bank (NYSE: MTB) vice chair sells 23,358 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
M&T Bank Corporation Vice Chairman Kevin J. Pearson exercised stock options and sold shares. He exercised options to acquire 13,296 shares of common stock at an exercise price of $164.54 per share and 10,062 shares at $190.78 per share. On the same date, he executed open-market sales of 4,636 shares at a weighted average price of $226.7029 and 18,722 shares at a weighted average price of $225.2047, pursuant to a Rule 10b5-1 trading plan adopted on March 5, 2026.
In addition, he holds 3,493 shares of common stock indirectly through a 401(k) plan and 3,783 phantom common stock units indirectly through a supplemental 401(k) plan, which track an equal number of M&T Bank common shares and are payable in cash under the plan terms. The information presented is as of March 31, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 23,358 shares ($5,267,277)
Net Sell
8 txns
Insider
PEARSON KEVIN J
Role
Vice Chairman
Sold
23,358 shs ($5.27M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option (right to buy) | 10,062 | $0.00 | -- |
| Exercise | Option (right to buy) | 13,296 | $0.00 | -- |
| Exercise | Common Stock | 10,062 | $190.78 | $1.92M |
| Exercise | Common Stock | 13,296 | $164.54 | $2.19M |
| Sale | Common Stock | 18,722 | $225.2047 | $4.22M |
| Sale | Common Stock | 4,636 | $226.7029 | $1.05M |
| holding | Phantom Common Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Option (right to buy) — 0 shares (Direct, null);
Common Stock — 56,169 shares (Direct, null);
Phantom Common Stock Units — 3,783 shares (Indirect, By Supplemental 401(k) Plan);
Common Stock — 3,493 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- The reported transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 5, 2026. This transaction was executed in multiple trades at prices ranging from $225.00 to $225.67. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $226.16 to $227.12. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. The information presented is as of March 31, 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. The reported phantom common stock units are held by the reporting person in a plan account maintained by M&T Bank Corporation under the M&T Bank Corporation Leadership Retirement Savings Plan and represent a like number of shares of M&T Bank Corporation common stock. The phantom common stock units are payable in cash and distributed in accordance with the terms of the plan. The reported phantom common stock units also include units acquired through the dividend reinvestment feature of the plan.
Key Figures
Open-market sale 1: 4,636 shares at $226.7029
Open-market sale 2: 18,722 shares at $225.2047
Option exercise 1: 13,296 shares at $164.54
+3 more
6 metrics
Open-market sale 1
4,636 shares at $226.7029
Common Stock sale on 2026-06-09
Open-market sale 2
18,722 shares at $225.2047
Common Stock sale on 2026-06-09
Option exercise 1
13,296 shares at $164.54
Common Stock option exercise code M on 2026-06-09
Option exercise 2
10,062 shares at $190.78
Common Stock option exercise code M on 2026-06-09
Indirect 401(k) holding
3,493 shares
Common Stock held by 401(k) Plan, as of March 31, 2026
Phantom units holding
3,783 units
Phantom Common Stock Units in supplemental 401(k) plan
Key Terms
Rule 10b5-1 trading plan, Phantom Common Stock Units, Leadership Retirement Savings Plan, equity incentive compensation plan, +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 5, 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.
Phantom Common Stock Units financial
"The reported phantom common stock units are held by the reporting person in a plan account maintained by M&T Bank Corporation under the M&T Bank Corporation Leadership Retirement Savings Plan"
Leadership Retirement Savings Plan financial
"maintained by M&T Bank Corporation under the M&T Bank Corporation Leadership Retirement Savings Plan and represent a like number of shares of M&T Bank Corporation common stock."
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.
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
FAQ
What insider activity did M&T Bank (MTB) report for Kevin J. Pearson?
M&T Bank reported that Vice Chairman Kevin J. Pearson exercised stock options and sold common shares. He exercised options for 23,358 shares and sold 23,358 shares in open-market transactions, all recorded on the same transaction date.
What stock options did Kevin J. Pearson exercise at M&T Bank (MTB)?
He exercised options to acquire 13,296 M&T Bank common shares at an exercise price of $164.54 per share and 10,062 shares at $190.78 per share. These option exercises were reported as derivative exercise or conversion transactions.
What indirect holdings does Kevin J. Pearson have in M&T Bank (MTB)?
He indirectly holds 3,493 M&T Bank common shares through a 401(k) plan and 3,783 phantom common stock units through a supplemental 401(k) plan. The phantom units mirror an equal number of common shares but are payable in cash under plan terms.
What are M&T Bank (MTB) phantom common stock units reported for Kevin J. Pearson?
The phantom common stock units represent a like number of M&T Bank common shares in a Leadership Retirement Savings Plan account. They are payable in cash, follow dividend reinvestment features, and are distributed according to the plan’s terms.