WALTERS KIRK W

Director Kirk W Walters sold entire 16,635-share MTB position in 7 transactions for $3.5M at blended avg $207.94

Kirk W Walters, a director at M&T Bank, executed 7 separate sales on 2024-11-06 totaling 16,635 shares (16.6K shares) for $3,459,140.66 ($3.5M), reducing his holdings to zero shares. The transaction occurred when MTB was trading near recent highs at $209.41, -3.3% from the 52-week high of $216.56, after a strong 90-day run of +29.1%. Across his prior trades at MTB, Walters has recorded a timing pattern of 0 of 5 well-timed sells at the 90-day mark, with four of those prior sales followed by positive 90-day returns (ranging from +5.8% to +682.7%), suggesting he has historically exited before subsequent gains accumulated. The complete liquidation of his equity stake is noteworthy given the company's solid fundamentals: FY revenue growth of +17.9%, a P/E of 14.54, and strong recent net income of $721.0M ($721,000,000.00) in the latest quarter. The size and completeness of this exit warrants attention as a material change in insider exposure.

Director Kirk W. Walters sold 7,472 shares of M&T Bank (MTB) for $1,298,741.15 across 3 transactions on 2024-07-26 and 2024-07-29.

Kirk W. Walters, a director at M&T Bank, executed 3 separate sales totaling 7,472 shares for $1,298,741.15 at an average price of $173.81, reducing his holdings by 15.8% from 47,413 to 39,941 shares. The sales occurred near the company's 52-week high of $174.90 (current price $173.61, -0.7% from peak), and come during a strong momentum period where the stock has appreciated 14.7% over 30 days and 18.8% over 90 days. Walters' prior trades at MTB (5 sales in May 2024) all showed negative 30-day returns ranging from -1.3% to -4.2%, with no measurable 90-day outcomes yet, suggesting a pattern of selling into strength. The company's fundamentals appear solid: annual revenue growth of +17.9%, a P/E of 11.27, and recent quarterly net income of $531,000,000 on $1,982,817,000 in revenue. The timing near the high, combined with the director's consistent selling pattern at this ticker, merits monitoring of near-term price action and any context surrounding the sales.