M&T Bank vice chair granted 6,750-share award
M&T Bank Corporation vice chairman Kevin J. Pearson received 6,750 shares of common stock as a performance-vested stock award, including 659 dividend-equivalent shares, based on results for the three-year period ended December 31, 2025.
Rhea-AI Filing Summary
M&T Bank Corporation vice chairman Kevin J. Pearson received 6,750 shares of common stock as a performance-vested stock award, including 659 dividend-equivalent shares, based on results for the three-year period ended December 31, 2025.
The award was granted under the 2019 Equity Incentive Compensation Plan at no cost to him, and 3,364 shares were withheld at $228.71 per share to cover taxes, leaving him with 48,107 directly held shares. He also has 3,756 phantom common stock units in a supplemental retirement plan and 3,493 shares held through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,750 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,364 | $228.71 | $769K |
| holding | Phantom Common Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (5)
- F1. Shares issued pursuant to performance-vested stock units (including 659 shares issued for related dividend equivalent units) that were granted to the reporting person on January 31, 2023 under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan (the "Equity Plan") and were earned based on achievement against pre-established performance criteria for the three-year performance period ended December 31, 2025, as determined by the Company's Compensation and Human Capital Committee on February 13, 2026.
- F2. The performance-vested restricted stock units were granted under the Equity Plan, and therefore the reporting person paid no price for the performance-vested restricted stock units.
- F3. Shares withheld for taxes upon the settlement in shares of performance-vested stock units previously granted to the reporting person.
- F4. The information presented is as of December 31, 2025.
- F5. 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.
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