Insider trade

Director sold ~$5M of MTB shares in the open market

Traded Feb 9, 2026 · Filed Feb 11, 2026

M&T BankMTB

~$5M
Reported value · 21K sh @ $235.85: 15K
Holds after · shares reported: -8.0%
stock since the trade · S&P 500 +10.1%, $236.25 → $217.35 on Oct 1

Why it stands out

A board member of M&T Bank sold $5M 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: Feb 9, 2026
Reporting period: Not applicable
Filed with the SEC: Feb 11, 2026

Director$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$4,998,369

Shares × reported transaction price

Timing vs results

24 days after results of Jan 16, 2026, 65 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 $236.25 on Feb 9, 2026, within 1% of its 52-week high, after a 14% rise over the previous 30 trading days

52-week range $156.58 (Apr 8, 2025) to $238.01 (Feb 6, 2026), 98% of the way up, from 251 adjusted closes. 30 trading days earlier: $207.24 on Dec 24, 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	-1.0%	+0.5%	-1.5%
30 days	-14.3%	-1.8%	-12.5%
90 days	-11.8%	+9.0%	-20.8%
180 days	+9.0%	+13.1%	-4.1%

Past results only. Not a forecast.

Source receipt

Record ID: 0001250506-26-000004
Filed / recorded: Feb 11, 2026, 9:11 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: Feb 9, 2026
Transaction code: S
Shares / units: 21,193
Price per share: $235.85
Acquired / disposed: Disposed (D)
Shares owned after: 15,142
Ownership form: Direct
Amendment: No

Around the same time

7mo ago

2,588Shares · @ $156.00

Derivative exercise or conversion — not an open-market buy.

Why it stands out Official record

7mo ago

2,163Shares · @ $138.10

Derivative exercise or conversion — not an open-market buy.

Why it stands out Official record

Officer sold7mo ago

~$1.84MReported value · 8,236.98 sh @ $223.4812

13K → 4,643.47 shares held−64% of their stake

M&T Bank's Sr. Executive Vice President sold $1.84M of M&T Bank shares. Nobody planned it ahead of time.

Why it stands out Official record

Why it stands out

Dates, kept separate

Context

After it was reported

Source receipt

Around the same time

2,588Shares · @ $156.00

2,163Shares · @ $138.10

~$1.84MReported value · 8,236.98 sh @ $223.4812

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