Vice Chairman Kevin J Pearson sells 23,358 shares for $5,267,277.03 under pre-arranged 10b5-1 plan
Kevin J Pearson executed two separate sales totaling 23,358 shares for $5,267,277.03 on 2026-06-09 under a 10b5-1 trading plan adopted 2026-03-05, reducing his non-derivative MTB holdings by 33.6% to 46,107 shares. The sales occurred at prices near current market levels ($225.20 and $226.70 versus current $227.62), consistent with a scheduled divestiture rather than a discretionary market-timing decision. His cross-ticker track record shows an average 90-day return of -1.5% after prior sells, while his five prior trades at MTB show mixed outcomes ranging from -3.1% to +3.1% over 90 days, offering limited predictive signal about conviction or near-term price direction. The filing reveals no derivative holdings remain post-transaction, though the scheduled nature of the sale precludes attribution to any tactical judgment about MTB's fundamentals (P/E 11.38, $33.3B market cap).