M&T Bank (NYSE: MTB) director Kirk Walters granted 664 restricted stock units
Rhea-AI Filing Summary
M&T Bank Corporation director Kirk W. Walters received an equity award of 664 shares of Common Stock on a grant or award basis. The filing describes this as a grant or award acquisition, not an open-market purchase or sale, with a reported price of $0.00 per share, indicating compensation rather than cash outlay.
According to the footnotes, the grant represents restricted stock units issued 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 converts into one share of common stock upon vesting. Following this award, Walters directly holds 6,640 common shares and indirectly holds 9 shares through a 401(k) plan, as of March 31, 2026, making this a routine director compensation grant of modest size.
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Insider Trade Summary
Net Buyer: 664 shares
Net Buy
2 txns
Insider
WALTERS KIRK W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 664 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,640 shares (Direct);
Common Stock — 9 shares (Indirect, By 401(k) Plan)
Footnotes (2)
- F1. The reporting person was granted an award of restricted stock units under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan, as amended and restated, for service on the M&T Bank Corporation 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 Corporation common stock upon vesting.
- F2. The information presented is as of March 31, 2026.
Key Figures
RSU grant size: 664 shares
Grant price per share: $0.00 per share
Direct holdings after grant: 6,640 shares
+2 more
5 metrics
RSU grant size
664 shares
Restricted stock units granted for Board service
Grant price per share
$0.00 per share
Reported transaction price on RSU award
Direct holdings after grant
6,640 shares
Common stock directly held following the award
Indirect 401(k) holdings
9 shares
Common stock held indirectly via 401(k) plan
Information as-of date
March 31, 2026
Footnote states holdings information date
Key Terms
restricted stock units, 2019 Equity Incentive Compensation Plan, 401(k) Plan
3 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.
2019 Equity Incentive Compensation Plan financial
"under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan, as amended and restated, for service on the M&T Bank Corporation Board of Directors"
401(k) Plan financial
"total_shares_following_transaction 9.0000, direct_or_indirect I, nature_of_ownership By 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did M&T Bank (MTB) director Kirk W. Walters report?
Kirk W. Walters reported an acquisition of 664 shares of M&T Bank common stock as a grant or award. The shares were granted as restricted stock units for his service on the Board under the company’s 2019 Equity Incentive Compensation Plan.
Is the M&T Bank (MTB) Form 4 transaction a market purchase or sale?
The Form 4 transaction is not a market trade; it is a grant or award acquisition of 664 restricted stock units at a reported price of $0.00. This reflects routine equity compensation for board service rather than an open-market buy or sell.
What are the vesting terms of Kirk W. Walters’ restricted stock units at M&T Bank (MTB)?
Each restricted stock unit granted to Kirk W. Walters vests on the first anniversary of the grant date. Upon vesting, each unit converts into one share of M&T Bank common stock, as described in the 2019 Equity Incentive Compensation Plan footnote.
Under which plan were the M&T Bank (MTB) restricted stock units granted to Kirk W. Walters?
The restricted stock units were granted under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan, as amended and restated. The award compensates Walters for his service on the company’s Board of Directors and provides one share of common stock per vested unit.