Form 4 for MTB M&T Bank
Accepted 2023-07-31 00:00:00 ET · period of report 2023-07-27 · accession 0001209191-23-043823 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-07-31 | 2023-07-27+ | MTB | BARNES JOHN P | Dir | S - Sale+OE | $140.01 | -56.0K | 34.9K | -62% | -$7.84M |
| DM | 2023-07-31 | 2023-07-27+ | MTB | BARNES JOHN P | Dir | M - OptEx | $117.82 | +56.0K | 88.1K | +175% | +$6.60M |
| DM | 2023-07-31 | 2023-07-27+ | MTB | BARNES JOHN P | Dir | M - OptEx | $0.00 | -56.0K | 53.5K | -51% | $0 |
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 | 2023-07-27 | S | D | 400 | $141.06 | 34,545 | D | — | — | (F2) This transaction was executed in multiple trades at prices ranging from $141.00 to $141.19. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
| 2 | Common | Common Stock | 2023-07-28 | S | D | 53,542 | $140.00 | 34,545 | D | — | — | (F3) This transaction was executed in multiple trades at prices ranging from $140.00 to $140.025. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
| 3 | Common | Common Stock | 2023-07-27 | S | D | 2,070 | $140.18 | 34,945 | D | — | — | (F1) This transaction was executed in multiple trades at prices ranging from $140.00 to $140.45. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
| 4 | Common | Common Stock | 2023-07-27 | M | A | 2,470 | $117.82 | 37,015 | D | — | — | |
| 5 | Common | Common Stock | 2023-07-28 | M | A | 53,542 | $117.82 | 88,087 | D | — | — | |
| 6 | Derivative | Option (right to buy) | 2023-07-28 | M | D | 53,542 | $0.00 | 0 | D | $117.82 · — to 2024-02-20 | 53,542 Common Stock | (F6) The option was granted under an employee stock option plan maintained by People's United and was converted into a stock option to acquire M&T Bank Corporation ("M&T") common stock pursuant to the Agreement and Plan of Merger by M&T, Bridge Merger Corp and People's United. The reporting person paid no price for the option. (F5) Currently exercisable. |
| 7 | Derivative | Option (right to buy) | 2023-07-27 | M | D | 2,470 | $0.00 | 53,542 | D | $117.82 · — to 2024-02-20 | 2,470 Common Stock | (F6) The option was granted under an employee stock option plan maintained by People's United and was converted into a stock option to acquire M&T Bank Corporation ("M&T") common stock pursuant to the Agreement and Plan of Merger by M&T, Bridge Merger Corp and People's United. The reporting person paid no price for the option. (F5) Currently exercisable. |