Form 4 for MTB M&T Bank
Accepted 2023-12-08 00:00:00 ET · period of report 2023-12-06 · accession 0001209191-23-057970 · 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 | 2023-12-08 | 2023-12-06+ | MTB | BARNES JOHN P | Dir | S - Sale+OE | $132.83 | -33.8K | 34.5K | -49% | -$4.48M |
| DM | 2023-12-08 | 2023-12-06+ | MTB | BARNES JOHN P | Dir | M - OptEx | $125.81 | +33.8K | 35.4K | +2,103% | +$4.25M |
| DM | 2023-12-08 | 2023-12-06+ | MTB | BARNES JOHN P | Dir | M - OptEx | $0.00 | -33.8K | 73.5K | -31% | $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 | 2023-12-06 | S | D | 813 | $134.01 | 34,545 | D | — | — | (F1) This transaction was executed in multiple trades at prices ranging from $134.00 to $134.08. 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 | 2023-12-07 | M | A | 32,940 | $125.85 | 67,485 | D | — | — | |
| 3 | Common | Common Stock | 2023-12-07 | S | D | 32,940 | $132.80 | 34,545 | D | — | — | (F2) This transaction was executed in multiple trades at prices ranging from $132.80 to $132.85. 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 | 2023-12-06 | M | A | 300 | $125.85 | 34,845 | D | — | — | |
| 5 | Common | Common Stock | 2023-12-06 | M | A | 513 | $123.44 | 35,358 | D | — | — | |
| 6 | Derivative | Option (right to buy) | 2023-12-07 | M | D | 32,940 | $0.00 | 40,590 | D | $125.85 · — to 2024-07-01 | 32,940 Common Stock | (F5) 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. (F4) Currently exercisable. |
| 7 | Derivative | Option (right to buy) | 2023-12-06 | M | D | 513 | $0.00 | 48,305 | D | $123.44 · — to 2024-07-01 | 513 Common Stock | (F5) 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. (F4) Currently exercisable. |
| 8 | Derivative | Option (right to buy) | 2023-12-06 | M | D | 300 | $0.00 | 73,530 | D | $125.85 · — to 2024-07-01 | 300 Common Stock | (F5) 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. (F4) Currently exercisable. |