M&T Bank (MTB) director Rudina Seseri receives 664-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
M&T Bank Corporation director Rudina Seseri reported receiving a grant of 664 shares of common stock, shown in the filing as a grant/award acquisition at $0.00 per share. Following this award, she directly holds 4,190 common shares.
According to the footnote, the award consists of restricted stock units granted under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan for service on the Board of Directors. 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 common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Seseri Rudina
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 664 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,190 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 664 shares
Post-transaction holdings: 4,190 shares
Grant price: $0.00 per share
+1 more
4 metrics
Shares granted
664 shares
Grant/award acquisition of common stock
Post-transaction holdings
4,190 shares
Common stock directly held after grant
Grant price
$0.00 per share
Recorded transaction price for the 664-share award
Vesting period
1 year
Each restricted stock unit vests on first anniversary of grant
Key Terms
restricted stock units, Equity Incentive Compensation Plan, contingent right, vests
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.
Equity Incentive Compensation Plan financial
"under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan, as amended and restated"
An equity incentive compensation plan is a company program that pays employees, managers or directors with shares or rights to buy shares so their financial rewards rise with the company’s value—like giving team members a stake in the house they’re helping maintain. Investors care because these plans change how many shares exist (dilution), create ongoing expense and influence management’s motivation, all of which can affect future earnings and stock price.
contingent right financial
"represents a contingent right to receive one share of M&T Bank Corporation common stock upon vesting"
vests financial
"Each restricted stock unit vests on the first anniversary of the grant"
FAQ
What insider transaction did M&T Bank (MTB) director Rudina Seseri report?
Director Rudina Seseri reported an acquisition of 664 shares of M&T Bank common stock as a grant or award. The transaction was recorded at $0.00 per share and reflects equity compensation rather than an open-market stock purchase.
What type of equity award did Rudina Seseri receive from M&T Bank (MTB)?
She received an award of restricted stock units under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan. Each unit represents a contingent right to receive one share of common stock once specific vesting conditions are met.
What are the vesting terms of Rudina Seseri’s restricted stock units at M&T Bank (MTB)?
Each restricted stock unit granted to Rudina Seseri vests on the first anniversary of the grant date. Upon vesting, each unit converts into one share of M&T Bank common stock, delivering equity compensation tied to continued board service.
Was Rudina Seseri’s M&T Bank (MTB) Form 4 transaction a market buy or compensation grant?
The Form 4 describes the transaction as a grant, award, or other acquisition, not an open-market purchase. The 664-share award is part of equity compensation for board service, recorded at $0.00 per share in the filing.