What the executives and directors of M&T Bank actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| JONES RENE F Chairman of the Board and CEO | CEO | 130.9K | — | — |
| King Darren J Sr. Executive Vice President | Officer | 62.9K | — | — |
| SALAMONE DENIS J | Director | 45.2K | — | — |
| SADLER ROBERT E JR | Director | 44.7K | — | $1.1M |
| PEARSON KEVIN J Vice Chairman | Officer | 44.1K | — | $10.9M |
| Bible Daryl N. Sr. EVP & CFO | CFO | 27K | — | — |
| RICH MELINDA R | Director | 24.1K | — | — |
| BRADY ROBERT T | Director | 22.5K | — | — |
| WALTERS KIRK W | Director | 21.2K | — | $207K |
| Bojdak Robert J Sr. Executive Vice President | Officer | 19.1K | — | — |
| WASHINGTON HERBERT L | Director | 18.3K | — | — |
| GEISEL GARY N | Director | 16.5K | — | $191K |
| BARNES JOHN P | Director | 15.8K | — | $11.9M |
| CUNNINGHAM T JEFFERSON III | Director | 14.4K | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-08-03 | Ledgett Richard H. Jr. (Director) | Discretionary sale | 855 | $248.16 | $212K |
| 2026-07-15 | PEARSON KEVIN J (Officer) | Planned sale (10b5-1) | 2,000 | $242.00 | $484K |
| 2026-07-01 | Woodrow Tracy S. (Officer) | Planned sale (10b5-1) | 881 | $242.00 | $213K |
| 2026-06-15 | Taylor John R. (Officer) | Discretionary sale | 1,098 | $233.23 | $256K |
| 2026-06-09 | PEARSON KEVIN J (Officer) | Planned sale (10b5-1) | 4,636 | $226.70 | $1.1M |
| 2026-06-09 | PEARSON KEVIN J (Officer) | Planned sale (10b5-1) | 18.7K | $225.20 | $4.2M |
| 2026-06-04 | PEARSON KEVIN J (Officer) | Planned sale (10b5-1) | 2,000 | $220.00 | $440K |
| 2026-05-07 | Kay Christopher E. (Officer) | Discretionary sale | 3,105 | $216.50 | $672K |
| 2026-02-26 | Wisler Michael A. (Officer) | Discretionary sale | 8,237 | $223.48 | $1.8M |
| 2026-02-11 | Woodrow Tracy S. (Officer) | Discretionary sale | 1,053 | $234.21 | $247K |
| 2026-02-09 | BARNES JOHN P (Director) | Discretionary sale | 21.2K | $235.85 | $5M |
| 2026-02-03 | WALTERS KIRK W (Director) | Discretionary sale | 909 | $227.37 | $207K |
| 2026-02-02 | Taylor John R. (Officer) | Discretionary sale | 704 | $225.34 | $159K |
| 2026-01-28 | GEISEL GARY N (Director) | Discretionary sale | 887 | $215.79 | $191K |
| 2026-01-22 | BARNES JOHN P (Director) | Discretionary sale | 17.9K | $220.81 | $3.9M |
| 2025-11-26 | Kay Christopher E. (Officer) | Discretionary sale | 5,250 | $191.70 | $1M |
| 2025-11-25 | SADLER ROBERT E JR (Director) | Discretionary sale | 6,000 | $190.06 | $1.1M |
| 2025-08-29 | Woodrow Tracy S. (Officer) | Discretionary sale | 3,429 | $202.12 | $693K |
| 2025-08-26 | Taylor John R. (Officer) | Discretionary sale | 448 | $199.78 | $90K |
| 2025-08-22 | BARNES JOHN P (Director) | Discretionary sale | 15K | $199.79 | $3M |
| 2025-08-14 | PEARSON KEVIN J (Officer) | Discretionary sale | 2,366 | $194.08 | $459K |
| 2025-08-14 | PEARSON KEVIN J (Officer) | Discretionary sale | 4,330 | $192.80 | $835K |
| 2025-08-14 | PEARSON KEVIN J (Officer) | Discretionary sale | 6,762 | $192.43 | $1.3M |
| 2025-08-14 | PEARSON KEVIN J (Officer) | Discretionary sale | 11K | $193.71 | $2.1M |
| 2025-07-22 | D'Arcy Peter (Officer) | Discretionary sale | 524 | $197.82 | $104K |
| 2025-07-22 | D'Arcy Peter (Officer) | Discretionary sale | 1,937 | $197.17 | $382K |
| 2025-07-21 | Ledgett Richard H. Jr. (Director) | Discretionary sale | 1,277 | $197.48 | $252K |
| 2025-06-12 | SADLER ROBERT E JR (Director) | Discretionary sale | 6,700 | $183.52 | $1.2M |
| 2025-03-12 | KAY CHRISTOPHER E (Officer) | Discretionary sale | 1,738 | $172.34 | $300K |
| 2024-12-03 | GEISEL GARY N (Director) | Discretionary sale | 2,490 | $215.89 | $538K |
| 2024-11-26 | Woodrow Tracy S. (Officer) | Discretionary sale | 2,121 | $220.75 | $468K |
| 2024-11-25 | SALAMONE DENIS J (Director) | Discretionary sale | 10K | $223.41 | $2.2M |
| 2024-11-21 | BARNES JOHN P (Director) | Discretionary sale | 1,348 | $216.44 | $292K |
| 2024-11-21 | BARNES JOHN P (Director) | Discretionary sale | 1,558 | $216.33 | $337K |
| 2024-11-21 | BARNES JOHN P (Director) | Discretionary sale | 17.1K | $217.63 | $3.7M |
| 2024-11-14 | Wisler Michael A. (Officer) | Discretionary sale | 11.2K | $213.04 | $2.4M |
| 2024-11-12 | Todaro Michael J. (Officer) | Discretionary sale | 4,786 | $214.10 | $1M |
| 2024-11-06 | WALTERS KIRK W (Director) | Discretionary sale | 446 | $204.00 | $91K |
| 2024-11-06 | WALTERS KIRK W (Director) | Discretionary sale | 779 | $206.05 | $161K |
| 2024-11-06 | WALTERS KIRK W (Director) | Discretionary sale | 1,590 | $210.22 | $334K |
| 2024-11-06 | WALTERS KIRK W (Director) | Discretionary sale | 2,230 | $209.02 | $466K |
| 2024-11-06 | WALTERS KIRK W (Director) | Discretionary sale | 2,545 | $205.00 | $522K |
| 2024-11-06 | WALTERS KIRK W (Director) | Discretionary sale | 2,758 | $210.05 | $579K |
| 2024-11-06 | WALTERS KIRK W (Director) | Discretionary sale | 6,287 | $207.76 | $1.3M |
| 2024-11-01 | PEARSON KEVIN J (Officer) | Discretionary sale | 7,500 | $195.88 | $1.5M |
| 2024-10-30 | SADLER ROBERT E JR (Director) | Discretionary sale | 2,000 | $198.00 | $396K |
| 2024-10-28 | JONES RENE F (CEO) | Discretionary sale | 23.1K | $193.88 | $4.5M |
| 2024-10-28 | O'Hara Laura P. (Officer) | Discretionary sale | 4,855 | $196.93 | $956K |
| 2024-10-28 | Taylor John R. (Officer) | Discretionary sale | 1,436 | $195.03 | $280K |
| 2024-10-22 | BARNES JOHN P (Director) | Discretionary sale | 20K | $193.97 | $3.9M |
| 2024-09-03 | SALAMONE DENIS J (Director) | Discretionary sale | 10K | $172.03 | $1.7M |
| 2024-08-23 | WALTERS KIRK W (Director) | Discretionary sale | 1,384 | $24.65 | $34K |
| 2024-08-22 | WALTERS KIRK W (Director) | Discretionary sale | 10.4K | $24.63 | $257K |
| 2024-08-21 | WALTERS KIRK W (Director) | Discretionary sale | 3,492 | $24.62 | $86K |
| 2024-08-20 | WALTERS KIRK W (Director) | Discretionary sale | 5,097 | $24.60 | $125K |
| 2024-08-19 | WALTERS KIRK W (Director) | Discretionary sale | 2,471 | $24.60 | $61K |
| 2024-08-16 | WALTERS KIRK W (Director) | Discretionary sale | 1,839 | $24.60 | $45K |
| 2024-08-15 | WALTERS KIRK W (Director) | Discretionary sale | 20 | $24.60 | $492 |
| 2024-08-14 | WALTERS KIRK W (Director) | Discretionary sale | 14.8K | $24.61 | $365K |
| 2024-08-13 | WALTERS KIRK W (Director) | Discretionary sale | 350 | $24.60 | $9K |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.