Robert G. Wilmers, Chairman of the Board and CEO at M&T BANK CORP (MTB), sold 200,000 shares at $118.38 ($23.7M) on 2016-08-29, disclosed to the SEC on 2016-08-31.
Seasonal sale ($23.7M) by Chairman of the Board and CEO — this insider has traded MTB in August in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $118.38 | 39,637 | $4.7M | 19.8% |
| 2 | $118.38 | 39,637 | $4.7M | 19.8% |
| 3 | $118.32 | 60,363 | $7.1M | 30.2% |
| 4 | $118.32 | 60,363 | $7.1M | 30.2% |
| Total | $118.34 avg | 200,000 | $23.7M | 100% |
| Filing → |
| MTB | SELL | 2008-08-19 | $7.4M | — | Filing → |
| MTB | SELL | 2007-01-23 | $7.7M | — | Filing → |
| MTB | SELL | 2006-02-08 | $9.8M | — | Filing → |