SALAMONE DENIS J

Director Denis J Salamone sells 10,000 MTB shares at $223.41; stock +12.0% in 30 days, -0.5% from 52-week high.

Denis J Salamone, a director of M&T Bank Corp, executed a discretionary sale of 10,000 shares at $223.41 on 2024-11-25, reducing his holdings from 44.9K to 34.9K shares (-22.3%). The sale occurred near the stock's 52-week high ($221.95), with MTB trading +12.0% over the prior 30 days and +29.9% over 90 days. Salamone's cross-ticker track record shows minimal historical success timing sells (1 prior sale, +0.2% average 30d return), and his prior MTB sale on 2024-09-03 posted a +0.2% 30-day outcome. The company's fundamentals remain solid: quarterly revenue of $394.0M, net income of $721.0M, and an annual growth rate of +17.9%, supporting a P/E of 15.33. The transaction represents a discrete portfolio reduction near recent highs but provides no definitive signal of changed conviction given the limited historical pattern and the company's ongoing profitability.

Director Denis J Salamone sold 10,000 MTB shares at $172.02 for $1.7M; retains 44.9K shares post-transaction

Denis J Salamone, a director of M&T Bank Corp, conducted an open-market sale of 10,000 shares at $172.02 on September 3, 2024, reducing his holdings by 18.2% to 44.9K shares remaining. The sale occurred within 3.5% of the stock's 52-week high of $174.90, during a period of strong price momentum (+5.3% over 30 days, +15.0% over 90 days). The company's fundamentals remain solid with a P/E of 11.95 and recent annual revenue growth of 17.9%, suggesting no material operational deterioration that would typically prompt director liquidation. While the transaction represents a material reduction in the director's position, the retention of 44.9K shares indicates continued significant economic alignment with the firm.