Form 4 for MTB M&T Bank
Accepted 2022-04-05 00:00:00 ET · period of report 2022-04-01 · accession 0001209191-22-023384 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2022-04-05 | 2022-04-01 | MTB | WALTERS KIRK W | Dir | A - Grant | — | +78.0K | 5,294 | New | — |
| D | 2022-04-05 | 2022-04-01 | MTB | WALTERS KIRK W | Dir | A - Grant | — | +9,211 | 9,211 | New | — |
| D | 2022-04-05 | 2022-04-01 | MTB | WALTERS KIRK W | Dir | F - Tax | $19.87 | -4,640 | 4,571 | -50% | -$92.2K |
| DM | 2022-04-05 | 2022-04-01 | MTB | WALTERS KIRK W | Dir | A - Grant | — | +117.7K | 10.7K | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-04-01 | A | A | 1,098 | — | 1,098 | I By Lacey & Sadie, LLC | — | — | (F1) Shares received in exchange for shares of People's United Financial, Inc. ("People's United"). On April 1, 2022, pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), Bridge Merger Corp. ("Merger Sub"), a direct, wholly owned subsidiary of M&T Bank Corporation ("M&T"), merged with and into People's United with People's United as the surviving entity (the "Merger") and People's United then merged with and into M&T, with M&T as the surviving entity. Pursuant to the Merger Agreement, each issued and outstanding share of People's United's common stock was converted into the right to receive 0.118 of a share of M&T the ("exchange ratio"). |
| 2 | Common | Common Stock | 2022-04-01 | A | A | 31,097 | — | 31,097 | I | — | — | (F1) Shares received in exchange for shares of People's United Financial, Inc. ("People's United"). On April 1, 2022, pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), Bridge Merger Corp. ("Merger Sub"), a direct, wholly owned subsidiary of M&T Bank Corporation ("M&T"), merged with and into People's United with People's United as the surviving entity (the "Merger") and People's United then merged with and into M&T, with M&T as the surviving entity. Pursuant to the Merger Agreement, each issued and outstanding share of People's United's common stock was converted into the right to receive 0.118 of a share of M&T the ("exchange ratio"). |
| 3 | Common | Common Stock | 2022-04-01 | A | A | 9,211 | — | 9,211 | D By 401(k) | — | — | (F1) Shares received in exchange for shares of People's United Financial, Inc. ("People's United"). On April 1, 2022, pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), Bridge Merger Corp. ("Merger Sub"), a direct, wholly owned subsidiary of M&T Bank Corporation ("M&T"), merged with and into People's United with People's United as the surviving entity (the "Merger") and People's United then merged with and into M&T, with M&T as the surviving entity. Pursuant to the Merger Agreement, each issued and outstanding share of People's United's common stock was converted into the right to receive 0.118 of a share of M&T the ("exchange ratio"). |
| 4 | Common | Common Stock | 2022-04-01 | F | D | 4,640 | $19.87 | 4,571 | D By ESOP | — | — | (F3) High/Low average of People's United common stock on April 1, 2022. (F4) Shares allocated for the benefit of the reporting person under the People's United Employee Stock Ownership Plan ("ESOP"). |
| 5 | Common | Series H Perpetual Non-Cumulative Preferred Stock | 2022-04-01 | A | A | 40,000 | — | 40,000 | I | — | — | (F5) Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding share of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, of People's United, was converted into the right to receive a share of M&T's Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H. |
| 6 | Common | Common Stock | 2022-04-01 | A | A | 473 | — | 473 | I By Gus & Bonnie, LLC | — | — | (F1) Shares received in exchange for shares of People's United Financial, Inc. ("People's United"). On April 1, 2022, pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), Bridge Merger Corp. ("Merger Sub"), a direct, wholly owned subsidiary of M&T Bank Corporation ("M&T"), merged with and into People's United with People's United as the surviving entity (the "Merger") and People's United then merged with and into M&T, with M&T as the surviving entity. Pursuant to the Merger Agreement, each issued and outstanding share of People's United's common stock was converted into the right to receive 0.118 of a share of M&T the ("exchange ratio"). |
| 7 | Common | Common Stock | 2022-04-01 | A | A | 5,294 | — | 5,294 | I By Gus & Bonnie, LLC | — | — | (F1) Shares received in exchange for shares of People's United Financial, Inc. ("People's United"). On April 1, 2022, pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), Bridge Merger Corp. ("Merger Sub"), a direct, wholly owned subsidiary of M&T Bank Corporation ("M&T"), merged with and into People's United with People's United as the surviving entity (the "Merger") and People's United then merged with and into M&T, with M&T as the surviving entity. Pursuant to the Merger Agreement, each issued and outstanding share of People's United's common stock was converted into the right to receive 0.118 of a share of M&T the ("exchange ratio"). |
| 8 | Derivative | Option (right to buy) | 2022-04-01 | A | A | 19,545 | — | 19,545 | D | $109.67 · — to 2023-02-21 | 19,545 Common Stock | (F7) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F6) Currently exercisable. |
| 9 | Derivative | Option (right to buy) | 2022-04-01 | A | A | 7,119 | — | 7,119 | D | $162.42 · — to 2024-07-01 | 7,119 Common Stock | (F7) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F6) Currently exercisable. |
| 10 | Derivative | Option (right to buy) | 2022-04-01 | A | A | 29,004 | — | 29,004 | D | $117.82 · — to 2024-02-20 | 29,004 Common Stock | (F7) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F6) Currently exercisable. |
| 11 | Derivative | Option (right to buy) | 2022-04-01 | A | A | 6,970 | — | 6,970 | D | $167.01 · — to 2024-07-01 | 6,970 Common Stock | (F7) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F6) Currently exercisable. |
| 12 | Derivative | Option (right to buy) | 2022-04-01 | A | A | 7,767 | — | 7,767 | D | $149.39 · — to 2024-07-01 | 7,767 Common Stock | (F7) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F6) Currently exercisable. |
| 13 | Derivative | Option (right to buy) | 2022-04-01 | A | A | 18,184 | — | 18,184 | D | $125.85 · — to 2024-07-01 | 18,184 Common Stock | (F7) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F6) Currently exercisable. |
| 14 | Derivative | Option (right to buy) | 2022-04-01 | A | A | 9,353 | — | 9,353 | D | $137.42 · — to 2024-07-01 | 9,353 Common Stock | (F7) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F6) Currently exercisable. |
| 15 | Derivative | Option (right to buy) | 2022-04-01 | A | A | 5,872 | — | 5,872 | D | $129.54 · — to 2024-07-01 | 5,872 Common Stock | (F7) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F6) Currently exercisable. |
| 16 | Derivative | Option (right to buy) | 2022-04-01 | A | A | 3,239 | — | 3,239 | D | $177.40 · — to 2024-07-01 | 3,239 Common Stock | (F7) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F6) Currently exercisable. |
| 17 | Derivative | Option (right to buy) | 2022-04-01 | A | A | 10,661 | — | 10,661 | D | $123.44 · — to 2024-07-01 | 10,661 Common Stock | (F7) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F6) Currently exercisable. |