Form 4 for MTB M&T Bank
Accepted 2023-12-15 00:00:00 ET · period of report 2023-12-13 · accession 0001209191-23-058748 · 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 | 2023-12-15 | 2023-12-13+ | MTB | BARNES JOHN P | Dir | S - Sale+OE | $136.83 | -47.3K | 34.5K | -58% | -$6.47M |
| DM | 2023-12-15 | 2023-12-13+ | MTB | BARNES JOHN P | Dir | M - OptEx | $123.44 | +47.3K | 80.8K | +141% | +$5.83M |
| DM | 2023-12-15 | 2023-12-13+ | MTB | BARNES JOHN P | Dir | M - OptEx | $0.00 | -47.3K | 0 | -100% | $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 | 2023-12-14 | S | D | 991 | $144.32 | 34,545 | D | — | — | (F6) This transaction was executed in multiple trades at prices ranging from $143.93 to $144.63. 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 | 2023-12-13 | S | D | 3,032 | $135.45 | 67,331 | D | — | — | (F2) This transaction was executed in multiple trades at prices ranging from $135.00 to $135.98. 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 | 2023-12-13 | S | D | 10,448 | $134.20 | 70,363 | D | — | — | (F1) This transaction was executed in multiple trades at prices ranging from $134.00 to $134.995. 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 | 2023-12-14 | S | D | 5 | $142.06 | 35,536 | D | — | — | |
| 5 | Common | Common Stock | 2023-12-14 | M | A | 996 | $123.44 | 35,541 | D | — | — | |
| 6 | Common | Common Stock | 2023-12-13 | S | D | 6,170 | $136.68 | 61,161 | D | — | — | (F3) This transaction was executed in multiple trades at prices ranging from $136.05 to $137.04. 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. |
| 7 | Common | Common Stock | 2023-12-13 | S | D | 19,050 | $137.51 | 42,111 | D | — | — | (F4) This transaction was executed in multiple trades at prices ranging from $137.045 to $138.01. 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. |
| 8 | Common | Common Stock | 2023-12-13 | S | D | 7,566 | $138.41 | 34,545 | D | — | — | (F5) This transaction was executed in multiple trades at prices ranging from $138.075 to $138.53. 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. |
| 9 | Common | Common Stock | 2023-12-13 | M | A | 46,266 | $123.44 | 80,811 | D | — | — | |
| 10 | Derivative | Option (right to buy) | 2023-12-13 | M | D | 46,266 | $0.00 | 996 | D | $123.44 · — to 2024-07-01 | 46,266 Common Stock | (F8) 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. (F7) Currently exercisable. |
| 11 | Derivative | Option (right to buy) | 2023-12-14 | M | D | 996 | $0.00 | 0 | D | $123.44 · — to 2024-07-01 | 996 Common Stock | (F8) 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. (F7) Currently exercisable. |