Introduction

This page provides a comprehensive analysis of the known insider trading history of Michael R Spychala. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Michael R Spychala has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:MTB / M&T Bank Corporation EVP & Controller 35,256
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Michael R Spychala. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Trading History

This table shows the complete list of insider trades made by Michael R Spychala as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2023-02-14 2023-02-10 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -119 35,256 -0.34 159.02 -18,923 5,606,412
2023-02-14 2023-02-10 4 MTB M&T BANK CORP
Common Stock 		A - Award 286 35,375 0.82
2023-02-07 2023-02-03 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -119 35,089 -0.34 159.02 -18,923 5,579,856
2023-02-07 2023-02-03 4 MTB M&T BANK CORP
Common Stock 		A - Award 351 35,208 1.01
2023-02-02 2023-01-31 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -86 34,857 -0.25 156.00 -13,416 5,437,695
2023-02-02 2023-01-31 4 MTB M&T BANK CORP
Common Stock 		A - Award 255 34,943 0.74
2023-01-31 2023-01-27 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -133 34,688 -0.38 154.98 -20,612 5,375,949
2023-01-31 2023-01-27 4 MTB M&T BANK CORP
Common Stock 		A - Award 393 34,821 1.14
2022-02-15 2022-02-11 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -102 34,428 -0.30 182.30 -18,595 6,276,228
2022-02-15 2022-02-11 4 MTB M&T BANK CORP
Common Stock 		A - Award 245 34,530 0.71
2022-02-08 2022-02-04 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -119 34,285 -0.35 179.56 -21,368 6,156,218
2022-02-08 2022-02-04 4 MTB M&T BANK CORP
Common Stock 		A - Award 351 34,404 1.03
2022-02-02 2022-01-31 4 MTB M&T BANK CORP
Option (right to buy) 		A - Award 1,127 1,127
2022-02-02 2022-01-31 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -143 34,053 -0.42 169.38 -24,221 5,767,901
2022-02-02 2022-01-31 4 MTB M&T BANK CORP
Common Stock 		A - Award 422 34,196 1.25
2022-02-01 2022-01-28 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -133 33,774 -0.39 172.07 -22,885 5,811,496
2022-02-01 2022-01-28 4 MTB M&T BANK CORP
Common Stock 		A - Award 392 33,907 1.17
2021-02-09 2021-02-05 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -111 33,515 -0.33 140.40 -15,584 4,705,509
2021-02-09 2021-02-05 4 MTB M&T BANK CORP
Common Stock 		A - Award 350 33,626 1.05
2021-02-02 2021-01-29 4 MTB M&T BANK CORP
Option (right to buy) 		A - Award 849 849
2021-02-02 2021-01-29 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -256 33,276 -0.76 132.47 -33,912 4,408,074
2021-02-02 2021-01-29 4 MTB M&T BANK CORP
Common Stock 		A - Award 807 33,532 2.47
2020-02-07 2020-02-05 4 MTB M&T BANK CORP
Option (right to buy) 		A - Award 895 895
2020-02-04 2020-01-31 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -383 32,725 -1.16 168.52 -64,543 5,514,820
2020-02-04 2020-01-31 4 MTB M&T BANK CORP
Common Stock 		A - Award 1,207 33,108 3.78
2019-02-08 2019-01-31 4/A MTB M&T BANK CORP
Common Stock 		F - Taxes -249 31,901 -0.77 164.54 -40,970 5,248,994
2019-02-04 2019-01-31 4 MTB M&T BANK CORP
Option (right to buy) 		A - Award 876 876
2019-02-04 2019-01-31 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -267 31,883 -0.83 164.54 -43,932 5,246,032
2019-02-04 2019-01-31 4 MTB M&T BANK CORP
Common Stock 		A - Award 784 32,150 2.50
2019-01-31 2019-01-29 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -214 31,366 -0.68 168.00 -35,952 5,269,491
2019-01-31 2019-01-29 4 MTB M&T BANK CORP
Common Stock 		A - Award 666 31,580 2.15
2018-02-02 2018-01-31 4 MTB M&T BANK CORP
Option (right to buy) 		A - Award 591 591
2018-02-02 2018-01-31 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -127 30,914 -0.41 190.78 -24,229 5,897,777
2018-02-02 2018-01-31 4 MTB M&T BANK CORP
Common Stock 		A - Award 399 31,041 1.30
2018-01-31 2018-01-30 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -206 30,642 -0.67 190.57 -39,257 5,839,450
2018-01-31 2018-01-29 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -211 30,848 -0.68 189.79 -40,046 5,854,646
2018-01-31 2018-01-29 4 MTB M&T BANK CORP
Common Stock 		A - Award 666 31,059 2.19
2018-01-31 2017-12-27 4 MTB M&T BANK CORP
Common Stock 		G - Gift -295 30,393 -0.96
2017-12-12 2017-12-12 4 MTB M&T BANK CORP
Common Stock 		S - Sale -6,935 30,688 -18.43 172.73 -1,197,894 5,300,791
2017-12-12 2017-12-08 4 MTB M&T BANK CORP
Option (right to buy) 		M - Exercise -14,512 0 -100.00
2017-12-12 2017-12-08 4 MTB M&T BANK CORP
Common Stock 		S - Sale -13,417 37,623 -26.29 170.92 -2,293,290 6,430,685
2017-12-12 2017-12-08 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -582 51,040 -1.13 171.72 -99,941 8,764,592
2017-12-12 2017-12-08 4 MTB M&T BANK CORP
Common Stock 		M - Exercise 14,512 51,622 39.11 91.28 1,324,655 4,712,058
2017-02-02 2017-01-31 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -478 37,110 -1.27 162.57 -77,708 6,032,976
2017-02-02 2017-01-31 4 MTB M&T BANK CORP
Common Stock 		A - Award 599 37,588 1.62
2017-01-31 2017-01-30 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -225 36,989 -0.60 163.25 -36,731 6,038,458
2017-01-31 2017-01-27 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -231 37,214 -0.62 164.04 -37,893 6,104,588
2017-01-31 2017-01-27 4 MTB M&T BANK CORP
Common Stock 		A - Award 665 37,445 1.81
2016-11-14 2016-11-09 4 MTB M&T BANK CORP
Option (right to buy) 		M - Exercise -8,045 0 -100.00
2016-11-14 2016-11-09 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -7,612 36,780 -17.15 131.54 -1,001,282 4,838,044
2016-11-14 2016-11-09 4 MTB M&T BANK CORP
Common Stock 		M - Exercise 8,045 44,392 22.13 121.31 975,939 5,385,196
2016-02-02 2016-01-29 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -984 36,347 -2.64 110.18 -108,417 4,004,715
2016-02-02 2016-01-29 4 MTB M&T BANK CORP
Common Stock 		A - Award 598 37,331 1.63
2015-12-16 2015-12-15 4 MTB M&T BANK CORP
Option (right to buy) 		M - Exercise -8,008 0 -100.00
2015-12-16 2015-12-15 4 MTB M&T BANK CORP
Common Stock 		S - Sale -7,090 36,733 -16.18 124.59 -883,328 4,576,486
2015-12-16 2015-12-15 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -804 43,823 -1.80 124.26 -99,905 5,445,448
2015-12-16 2015-12-15 4 MTB M&T BANK CORP
Common Stock 		M - Exercise 8,008 44,627 21.87 108.93 872,311 4,861,221
2015-02-03 2015-01-30 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -773 36,619 -2.07 113.16 -87,473 4,143,808
2015-02-03 2015-01-30 4 MTB M&T BANK CORP
Common Stock 		A - Award 1,945 37,392 5.49
2015-02-03 2015-01-30 4 MTB M&T BANK CORP
Common Stock 		A - Award 597 35,447 1.71
2014-12-10 2014-12-01 4/A MTB M&T BANK CORP
Common Stock 		G - Gift -73 34,850 -0.21
2014-12-10 2014-11-21 4/A MTB M&T BANK CORP
Common Stock 		S - Sale -7,631 34,923 -17.93 125.25 -955,748 4,373,951
2014-12-10 2014-11-21 4/A MTB M&T BANK CORP
Common Stock 		F - Taxes -801 42,554 -1.85 124.68 -99,869 5,305,635
2014-12-01 2014-12-01 4 MTB M&T BANK CORP
Common Stock 		G - Gift 73 1,865 4.07
2014-12-01 2014-12-01 4 MTB M&T BANK CORP
Common Stock 		G - Gift -73 35,526 -0.21
2014-12-01 2014-11-26 4 MTB M&T BANK CORP
Common Stock 		S - Sale -73 1,792 -3.91 126.16 -9,210 226,086
2014-11-25 2014-11-21 4 MTB M&T BANK CORP
Option (right to buy) 		M - Exercise 8,613 0 -100.00
2014-11-25 2014-11-21 4 MTB M&T BANK CORP
Common Stock 		S - Sale -7,631 35,599 -17.65 125.25 -955,748 4,458,657
2014-11-25 2014-11-21 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -801 43,230 -1.82 124.68 -99,869 5,389,959
2014-11-25 2014-11-21 4 MTB M&T BANK CORP
Common Stock 		M - Exercise 8,613 43,355 24.79 101.80 876,803 4,413,541
2014-02-04 2014-01-31 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -369 34,742 -1.05 111.51 -41,147 3,874,083
2014-01-31 2014-01-29 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -433 35,111 -1.22 111.69 -48,362 3,921,550
2013-10-23 2013-10-22 4 MTB M&T BANK CORP
Common Stock 		S - Sale -1,342 35,544 -3.64 113.26 -151,997 4,025,780
2013-10-23 2013-10-21 4 MTB M&T BANK CORP
Option (right to buy) 		M - Exercise -11,990 0 -100.00
2013-10-23 2013-10-21 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -10,435 36,886 -22.05 114.00 -1,189,590 4,205,006
2013-10-23 2013-10-21 4 MTB M&T BANK CORP
Common Stock 		M - Exercise 11,990 47,321 33.94 91.75 1,100,082 4,341,704
2013-02-04 2013-01-31 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -222 35,331 -0.62 102.69 -22,797 3,628,142
2013-02-04 2013-01-31 4 MTB M&T BANK CORP
Common Stock 		A - Award 1,948 35,553 5.80
2013-01-31 2013-01-30 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -819 33,605 -2.38 103.31 -84,611 3,471,735
2013-01-31 2013-01-29 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -396 34,424 -1.14 103.42 -40,954 3,560,132
2013-01-31 2013-01-10 4 MTB M&T BANK CORP
Common Stock 		G - Gift -50 34,820 -0.14
2013-01-31 2012-12-27 4 MTB M&T BANK CORP
Common Stock 		G - Gift -150 34,870 -0.43
2012-12-10 2012-12-10 4 MTB M&T BANK CORP
Common Stock 		G - Gift 172 1,775 10.73
2012-12-10 2012-12-10 4 MTB M&T BANK CORP
Common Stock 		G - Gift -427 35,020 -1.20
2012-12-10 2012-12-06 4 MTB M&T BANK CORP
Common Stock 		S - Sale -172 1,603 -9.69 97.16 -16,712 155,786
2012-10-18 2012-10-17 4 MTB M&T BANK CORP
Option (right to buy) 		M - Exercise -12,000 0 -100.00
2012-10-18 2012-10-17 4 MTB M&T BANK CORP
Common Stock 		F - Taxes 10,198 35,447 40.39 103.07 1,051,108 3,653,524
2012-10-18 2012-10-17 4 MTB M&T BANK CORP
Common Stock 		M - Exercise -12,000 45,645 -20.82 80.23 -962,760 3,662,100
2012-02-01 2012-01-31 4 MTB M&T BANK CORP
Common Stock 		A - Award 2,509 33,645 8.06
2012-01-31 2012-01-30 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -614 31,136 -1.93 79.88 -49,046 2,487,145
2012-01-31 2012-01-27 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -401 31,750 -1.25 80.11 -32,124 2,543,494
2012-01-31 2012-01-27 4 MTB M&T BANK CORP
Common Stock 		A - Award 67 32,151 0.21
2012-01-18 2012-01-13 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -24 32,084 -0.07 82.34 -1,976 2,641,780
2012-01-18 2012-01-13 4 MTB M&T BANK CORP
Common Stock 		A - Award 65 32,108 0.20
2012-01-04 2011-12-30 4 MTB M&T BANK CORP
Common Stock 		F - Taxes -23 31,671 -0.07 76.34 -1,756 2,417,795
2012-01-04 2011-12-30 4 MTB M&T BANK CORP
Common Stock 		A - Award 71 31,694 0.22
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)