M&T Bank Corp (MTB) director receives 664 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SALAMONE DENIS J reported acquisition or exercise transactions in this Form 4 filing.
M&T Bank Corp director Denis J. Salamone reported an equity compensation grant and updated holdings. He received 664 shares of Common Stock at a price of $0.00 per share as a grant of restricted stock units 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 common stock upon vesting. Following the grant, he directly holds 45,189 shares and indirectly holds 7,917 shares through an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SALAMONE DENIS J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 664 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 45,189 shares (Direct, null);
Common Stock — 7,917 shares (Indirect, By IRA)
Footnotes (1)
- [object Object]
Key Figures
RSU grant: 664 shares
Grant price: $0.00 per share
Direct holdings after grant: 45,189 shares
+2 more
5 metrics
RSU grant
664 shares
Restricted stock units granted for Board service
Grant price
$0.00 per share
Compensation award, not a market purchase
Direct holdings after grant
45,189 shares
Common Stock held directly after the RSU award
Indirect holdings
7,917 shares
Common Stock held indirectly via IRA
Vesting schedule
First anniversary of grant
Vesting timing for restricted stock units
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
"Common Stock ... indirect ... 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 Corp (MTB) report for Denis J. Salamone?
Denis J. Salamone reported receiving a grant of 664 shares of M&T Bank Corp common stock as restricted stock units. The award was provided as compensation for his service on the company’s Board of Directors under its equity incentive compensation plan.
When do Denis J. Salamone’s restricted stock units from M&T Bank Corp vest?
Each of the 664 restricted stock units vests on the first anniversary of the grant date. Upon vesting, each unit converts into one share of M&T Bank Corp common stock, providing equity compensation tied to his continued Board service.
What plan governs Denis J. Salamone’s restricted stock unit award from M&T Bank Corp?
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 equity-based compensation, such as RSUs, to directors in connection with their board service.