M&T Bank Corp Vice Chairman Sells $441.5K in Common Stock Under Rule 10b5-1 Plan

Executive Summary

On October 20, 2026, Kevin J. Pearson, Vice Chairman of M&T Bank Corp ($MTB), filed a Form 4 detailing the open-market sale of 2,000 shares of common stock on October 16, 2026. The transaction was conducted at an execution price of $220.75 per share, totaling $441,500.

Transaction Details

• Security: Common Stock
• Shares Sold: 2,000
• Price Per Share: $220.75
• Gross Proceeds: $441,500.00
• Direct Ownership Remaining: 42,107 shares
• Indirect Holdings: 3,565 shares held via 401(k) Plan and 3,833 phantom stock units via Supplemental 401(k) Plan

Context & Trading Plan Analysis

The sale was executed automatically under a pre-established Rule 10b5-1 trading plan adopted on March 5, 2026. The sale represents approximately 4.5% of Pearson's direct holdings and an even smaller fraction of his total beneficial exposure across retirement plans. Given that the sale was executed under an affirmative defense Rule 10b5-1 plan established over seven months prior and represents a modest portion of his holdings, the trading significance is assessed as Low.