Thursday, January 25, 2018 10:15 PM ET
Insider at M & T Bank (MTB) Makes Significant Sale of Stock
There was a significant insider sale of M & T Bank shares today, as indicated in a filing with the SEC as — Michele D Trolli, Officer — disposed of 6,000 shares in the company having a market value of approximately $1,124,100 There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 1,046 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 7,046 shares and have averaged 3,523 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at M & T Bank is higher than its 345-company peer group average. The Banks peer group saw 373 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by M & T Bank insiders is lower than its peers. Within the peer group there were 186,491 shares purchased and 14,140,362 shares sold with company insiders having sold 37,410 shares on average over this time period.
To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data sourced to create and write this story.
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