M&T Bank (MTB) director receives 664 RSUs and reports 5,545 shares held
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
M&T Bank Corporation director Richard H. Ledgett Jr. reported an equity compensation grant and updated share holdings. He received 664 restricted stock units under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan for his service on the Board of Directors. Each restricted stock unit vests on the first anniversary of the grant and will convert into one share of common stock when it vests. After this grant, he holds 5,545 shares of common stock directly, and an additional 390.025 shares indirectly through an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ledgett Richard H. Jr.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 664 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,545 shares (Direct, null);
Common Stock — 390.025 shares (Indirect, By IRA)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock units granted: 664 units
Direct common shares after grant: 5,545 shares
Indirect common shares in IRA: 390.025 shares
3 metrics
Restricted stock units granted
664 units
Award under 2019 Equity Incentive Compensation Plan
Direct common shares after grant
5,545 shares
Total direct holdings following transaction
Indirect common shares in IRA
390.025 shares
Held indirectly by IRA
Key Terms
restricted stock units, Equity Incentive Compensation Plan, contingent right, IRA
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"
IRA financial
"total_shares_following_transaction": "390.0250", "direct_or_indirect": "I", "nature_of_ownership": "By IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
What insider transaction did M&T Bank (MTB) director Richard H. Ledgett Jr. report?
Richard H. Ledgett Jr. reported receiving a grant of 664 restricted stock units of M&T Bank common stock as equity compensation for his Board service. These units are awarded at no cash cost to him and form part of his overall share-based compensation package.
How do the new restricted stock units for MTB’s Richard H. Ledgett Jr. vest?
Each of the 664 restricted stock units vests on the first anniversary of the grant. Upon vesting, each unit represents a contingent right to receive one share of M&T Bank common stock, aligning the director’s compensation with long-term shareholder value.
What compensation plan governs the restricted stock unit grant to MTB director Richard H. Ledgett Jr.?
The restricted stock unit award was granted under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan, as amended and restated. This plan provides share-based compensation to directors, with units that vest over time and convert into common stock upon vesting.