M&T Bank (NYSE: MTB) director sells 9.3659 shares from 401(k) Plan
Rhea-AI Filing Summary
M&T Bank Corp director Kirk W. Walters reported selling 9.3659 shares of Common Stock on August 5, 2026, at $253.7724 per share from an indirect 401(k) Plan holding. That indirect position now shows 0 shares, while he continues to hold 6,640 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 9.3659 shares
Net Sell
2 txns
Insider
WALTERS KIRK W
Role
Director
Sold
9.3659 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9.3659 | $253.7724 | $2K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, By 401(k) Plan);
Common Stock — 6,640 shares (Direct)
Key Figures
Shares sold: 9.3659 shares
Sale price per share: $253.7724
Indirect holdings after sale: 0.0000 shares
+1 more
4 metrics
Shares sold
9.3659 shares
Common Stock sold on August 5, 2026 by director Kirk W. Walters from a 401(k) Plan
Sale price per share
$253.7724
Per-share price for the 9.3659 M&T Bank Corp shares sold on August 5, 2026
Indirect holdings after sale
0.0000 shares
Indirect Common Stock position in the 401(k) Plan after the reported sale
Direct holdings after transaction
6640.0000 shares
Directly owned M&T Bank Corp Common Stock reported following the August 5, 2026 transactions
Key Terms
indirect ownership, 401(k) Plan, Rule 10b5-1 trading plan
3 terms
indirect ownership financial
"The sale involved indirect ownership, described as held by a 401(k) Plan."
401(k) Plan financial
"Nature of ownership for the sold shares is listed as “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.
Rule 10b5-1 trading plan regulatory
"A Rule 10b5-1 trading plan checkbox was not marked for this insider transaction."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did M&T Bank (MTB) director Kirk W. Walters report in this Form 4?
He reported selling 9.3659 M&T Bank common shares at $253.7724 on August 5, 2026, from a 401(k) Plan. After the sale, his indirect 401(k) holdings are zero, while his direct ownership stands at 6,640 common shares.
Was the M&T Bank (MTB) insider sale under a Rule 10b5-1 trading plan?
No. The Form 4’s Rule 10b5-1 checkbox was not marked, indicating the reported transaction was not made pursuant to a Rule 10b5-1 trading plan, based on the company’s disclosure in this insider report.