M&T Bank Corp. insider Kevin J. Pearson reported a planned sale of company common stock on July 15, 2026. The Form 4 shows a transaction involving 2,000 shares of M&T Bank common stock at $242 per share, representing an aggregate transaction value of approximately $484,000. The filing notes that the transaction occurred automatically under a Rule 10b5-1 trading plan that Pearson adopted on March 5, 2026. Such plans allow insiders to schedule trades in advance under predetermined terms, which can help avoid concerns that transactions were made based on later-acquired material nonpublic information. The document also reports Pearson’s holdings of phantom common stock units under the M&T Bank Corporation Leadership Retirement Savings Plan. Those units represent an equivalent number of shares of M&T Bank common stock but are payable in cash and distributed according to the plan’s terms. The phantom stock balance includes units acquired through the plan’s dividend reinvestment feature, and the filing states that the information for those plan holdings is presented as of June 30, 2026. No stock option exercise, option vesting event, or equity award grant is described in the provided filing text. The excerpt also does not provide Pearson’s total beneficial ownership after the reported common stock transaction.