Richard H. Jr. Ledgett

MTB

DIRECTOR · M&T BANK CORP · CIK 0001714871

FILING MIX · LIFETIME87%/13%

BUYS

SELLS

TOTAL VALUE

$694.4K

COMPANIES

ACTIVE SINCE

Jan 2020

HOLDINGS NOW

4,690

AVG SELL PX

$217.80

Trades · vs SPY

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Performance · forward returns vs SPY

2 backtested trades · 8 horizons · 1 pendingHow are these numbers computed? →

Forward-return performance of every backtestable P/S trade by Richard H. Jr. Ledgett, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	2	+50.00%	-0.34%	+0.29%	-0.64%	-0.64%	—
14d	2	+50.00%	-5.41%	+0.09%	-5.50%	-5.50%	—
30d	2	+50.00%	-14.40%	+0.19%	-14.59%	-14.59%	—
60d	2	+0.00%	-8.36%	+4.62%	-12.98%	-12.98%	—
90d	2	+50.00%	-13.73%	+6.05%	-19.79%	-19.79%	—
180d	2	+0.00%	-4.35%	+10.46%	-14.81%	-14.81%	—
1y	2	+0.00%	+7.92%	+22.25%	-14.33%	-14.33%	—
2y	2(1 pending)	+100.00%	+27.02%	+57.26%	-30.24%	-30.24%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

MTB · 4,690 shares · as of Aug 3, 2026

Trading cadence · quarterly flow

BUY ● SELL ●

2020

2021

2022

2023

2024

2025

2026

FLOW · 13 buys / 2 sellsCOVERAGE · 27 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED	DETAILS
MTB M&T BANK CORP	SALE	855	$248.16	$212.2K	4,690	Aug 3, 2026	Aug 4, 2026 ↗	View →
MTB M&T BANK CORP	PURCHASEGRANT Stock grant	664	—	—	5,545	Apr 30, 2026	May 4, 2026 ↗	View →
MTB M&T BANK CORP	SALE	1,277	$197.48	$252.2K	4,881	Jul 21, 2025	Jul 23, 2025 ↗	View →
MTB M&T BANK CORP	PURCHASEGRANT Stock grant	855	—	—	6,158	Apr 30, 2025	May 2, 2025 ↗	View →
MTB M&T BANK CORP	PURCHASEGRANT Stock grant	935	—	—	5,303	Apr 30, 2024	May 2, 2024 ↗	View →
MTB M&T BANK CORP	PURCHASEGRANT Stock grant	954	—	—	4,368	Apr 28, 2023	May 2, 2023 ↗	View →
MTB M&T BANK CORP	PURCHASE	390.025	$156.40	$61.0K	390.025	Feb 21, 2023	Feb 23, 2023 ↗	View →
MTB M&T BANK CORP	PURCHASEGRANT Stock grant	721	—	—	3,414	Apr 29, 2022	May 3, 2022 ↗	View →
MTB M&T BANK CORP	PURCHASEGRANT Stock grant	761	—	—	2,693	Apr 30, 2021	May 4, 2021 ↗	View →
MTB M&T BANK CORP	PURCHASEGRANT Stock grant	227	$151.61	$34.4K	1,932	Apr 1, 2021	Apr 5, 2021 ↗	View →
MTB M&T BANK CORP	PURCHASEGRANT Stock grant	235	$127.30	$29.9K	1,705	Jan 4, 2021	Jan 6, 2021 ↗	View →
MTB M&T BANK CORP	PURCHASEGRANT Stock grant	276	$92.09	$25.4K	1,470	Oct 1, 2020	Oct 5, 2020 ↗	View →
MTB M&T BANK CORP	PURCHASEGRANT Stock grant	259	$103.97	$26.9K	1,194	Jul 1, 2020	Jul 6, 2020 ↗	View →
MTB M&T BANK CORP	PURCHASEGRANT Stock grant	290	$103.43	$30.0K	935	Apr 1, 2020	Apr 3, 2020 ↗	View →
MTB M&T BANK CORP	PURCHASEGRANT Stock grant	132	$169.75	$22.4K	645	Jan 2, 2020	Jan 6, 2020 ↗	View →

Other insiders · MTB

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About this filer

CIK 0001714871

ROLE

Director

PRIMARY

MTB

COMPANIES

ACTIVE SINCE

Jan 2020

MARKETPEEL · /INSIDER/0001714871DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Richard H. Jr. Ledgett

The morning brief, before the bell.