Form 4 for MTB M&T Bank
Accepted 2023-12-12 00:00:00 ET · period of report 2023-12-08 · accession 0001209191-23-058314 · 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 | 2023-12-12 | 2023-12-08+ | MTB | BARNES JOHN P | Dir | S - Sale+OE | $133.17 | -41.6K | 37.1K | -53% | -$5.54M |
| DM | 2023-12-12 | 2023-12-08+ | MTB | BARNES JOHN P | Dir | M - OptEx | $125.79 | +41.6K | 58.8K | +243% | +$5.24M |
| DM | 2023-12-12 | 2023-12-08+ | MTB | BARNES JOHN P | Dir | M - OptEx | $0.00 | -41.6K | 16.4K | -72% | $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 | 2023-12-11 | S | D | 616 | $133.90 | 34,545 | D | — | — | (F3) This transaction was executed in multiple trades at prices ranging from $133.86 to $133.92. 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 | 2023-12-11 | S | D | 15,762 | $133.26 | 35,161 | D | — | — | (F1) This transaction was executed in multiple trades at prices ranging from $132.80 to $133.76. 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 | 2023-12-11 | M | A | 16,378 | $125.85 | 50,923 | D | — | — | |
| 4 | Common | Common Stock | 2023-12-08 | S | D | 2,583 | $134.02 | 34,545 | D | — | — | (F2) This transaction was executed in multiple trades at prices ranging from $133.81 to $134.34. 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. |
| 5 | Common | Common Stock | 2023-12-08 | S | D | 22,672 | $132.99 | 37,128 | D | — | — | (F1) This transaction was executed in multiple trades at prices ranging from $132.80 to $133.76. 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. |
| 6 | Common | Common Stock | 2023-12-08 | M | A | 1,043 | $123.44 | 59,800 | D | — | — | |
| 7 | Common | Common Stock | 2023-12-08 | M | A | 24,212 | $125.85 | 58,757 | D | — | — | |
| 8 | Derivative | Option (right to buy) | 2023-12-08 | M | D | 1,043 | $0.00 | 47,262 | D | $123.44 · — to 2024-07-01 | 1,043 Common Stock | (F5) The option was granted under an employee stock option plan maintained by People's United Financial, Inc. ("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. |
| 9 | Derivative | Option (right to buy) | 2023-12-11 | M | D | 16,378 | $0.00 | 0 | D | $125.85 · — to 2024-07-01 | 16,378 Common Stock | (F5) The option was granted under an employee stock option plan maintained by People's United Financial, Inc. ("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. |
| 10 | Derivative | Option (right to buy) | 2023-12-08 | M | D | 24,212 | $0.00 | 16,378 | D | $125.85 · — to 2024-07-01 | 24,212 Common Stock | (F5) The option was granted under an employee stock option plan maintained by People's United Financial, Inc. ("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. |