Insider trade

Director sold ~$3.95M of MTB shares in the open market

Traded Jan 22, 2026 · Filed Jan 23, 2026

M&T BankMTB

~$3.95M
Reported value · 18K sh @ $220.8135: -0.1%
stock since the trade · S&P 500 +10.9%, $217.46 → $217.35 on Oct 1

Why it stands out

A board member of M&T Bank sold $3.95M of M&T Bank shares. Nobody planned it ahead of time.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Jan 22, 2026
Reporting period: Not applicable
Filed with the SEC: Jan 23, 2026

DirectorIndirect holding$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$3,945,054

Shares × reported transaction price

Timing vs results

6 days after results of Jan 16, 2026, 83 days before results of Apr 15, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $217.46 on Jan 22, 2026, within 1% of its 52-week high, after an 11% rise over the previous 30 trading days

52-week range $156.58 (Apr 8, 2025) to $219.16 (Jan 21, 2026), 97% of the way up, from 251 adjusted closes. 30 trading days earlier: $195.90 on Dec 8, 2025. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+5.3%	+0.4%	+4.9%
30 days	+3.9%	+0.1%	+3.8%
90 days	+1.7%	+3.2%	-1.5%
180 days	+15.9%	+6.7%	+9.2%

Past results only. Not a forecast.

Source receipt

Record ID: 0001250506-26-000002
Filed / recorded: Jan 23, 2026, 11:37 PM UTC
Added to OQRO: Oct 2, 2026, 12:28 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: M&T BANK CORP
Issuer CIK: 36270
Ticker: MTB
Reporting person: John P Barnes
Relationship: Director
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Jan 22, 2026
Transaction code: S
Shares / units: 17,866
Price per share: $220.8135
Acquired / disposed: Disposed (D)
Shares owned after: 0
Ownership form: Indirect — By John P. Barnes Living Trust
Amendment: No

Footnotes from the filing

This transaction was executed in multiple trades at prices ranging from $220.65 to $221.14. 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.

Around the same time

8mo ago

2,295Shares

Compensation award — excluded from discretionary-purchase analysis.

Why it stands out Official record

8mo ago

921Shares · @ $228.71

Routine share withholding; mechanical by default.

Why it stands out Official record

8mo ago

2,497Shares

Compensation award — excluded from discretionary-purchase analysis.

Why it stands out Official record