M&T Bank (MTB) director receives 664 RSUs for board service
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Charles Carlton J. reported acquisition or exercise transactions in this Form 4 filing.
M&T Bank Corporation director Charles Carlton J. received an award of 664 restricted stock units of common stock for service on the Board of Directors under the company’s 2019 Equity Incentive Compensation Plan. The award was reported at $0.00 per share, reflecting a compensation grant rather than a market purchase.
Each restricted stock unit vests on the first anniversary of the grant and represents a contingent right to receive one share of M&T Bank Corporation common stock upon vesting. Following this award, Carlton directly holds 3,408 shares of M&T Bank Corporation common stock as reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Charles Carlton J.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 664 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,408 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU award size: 664 shares
Grant price: $0.00 per share
Post-transaction holdings: 3,408 shares
+1 more
4 metrics
RSU award size
664 shares
Restricted stock units granted to director on common stock
Grant price
$0.00 per share
Reported transaction price for RSU grant
Post-transaction holdings
3,408 shares
Total common shares directly held after award
Vesting period
1 year
Each RSU vests on first anniversary of grant
Key Terms
restricted stock units, 2019 Equity Incentive Compensation Plan, contingent right, vests on the first anniversary
4 terms
restricted stock units financial
"The reporting person was granted an award of restricted stock units under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2019 Equity Incentive Compensation Plan financial
"under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan, as amended and restated"
contingent right financial
"represents a contingent right to receive one share of M&T Bank Corporation common stock upon vesting"
vests on the first anniversary financial
"Each restricted stock unit vests on the first anniversary of the grant"
FAQ
What insider transaction did M&T Bank (MTB) director Charles Carlton report?
M&T Bank director Charles Carlton J. reported receiving 664 restricted stock units of common stock as a compensation award for Board service. The units were granted at $0.00 per share and are structured as equity-based pay rather than an open-market stock purchase.
How do the granted restricted stock units for M&T Bank (MTB) vest?
Each restricted stock unit granted to Charles Carlton vests on the first anniversary of the grant date. Upon vesting, each unit converts into one share of M&T Bank Corporation common stock, providing equity compensation tied to continued Board service over that one-year period.
Was the M&T Bank (MTB) insider award a market purchase or a compensation grant?
The transaction was a compensation grant, not a market purchase. The Form 4 shows 664 shares acquired under transaction code A at $0.00 per share, reflecting a restricted stock unit award granted under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan.
What plan governed the restricted stock unit grant reported by M&T Bank (MTB)?
The restricted stock unit grant to director Charles Carlton was made under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan, as amended and restated. The footnote specifies it compensates his service on the Board and provides a contingent right to receive common stock upon vesting.