Rene F. Jones - Jan 28, 2022 Form 4 Insider Report for M&T BANK CORP (MTB)

Role: Chairman of the Board and CEO, Director
Signature: By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Stock symbol: MTB
Transactions as of: Jan 28, 2022
Transactions value $: -$248,125
Form type: 4
Date filed: 2/1/2022, 06:45 PM
Next filing: Feb 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MTB	Common Stock	Gift	$0	-2K	-2.88%	$0.00	67.5K	Dec 22, 2021	Direct	F1
transaction	MTB	Common Stock	Gift	$0	-388	-0.58%	$0.00	67.1K	Dec 29, 2021	Direct	F1
transaction	MTB	Common Stock	Award	$0	+4.28K	+6.38%	$0.00	71.4K	Jan 28, 2022	Direct	F2, F3
transaction	MTB	Common Stock	Tax liability	-$248K	-1.44K	-2.02%	$172.07	69.9K	Jan 28, 2022	Direct	F4
transaction	MTB	Common Stock	Gift	$0	+194	+17962.96%	$0.00	195	Dec 29, 2021	By Daughter	F5, F6, F7
transaction	MTB	Common Stock	Gift	$0	+194	+17962.96%	$0.00	195	Dec 29, 2021	By Daughter	F5, F6, F7
holding	MTB	Common Stock						5.32K	Jan 28, 2022	By 401(k) Plan	F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	MTB	Phantom Common Stock Units						874	Jan 28, 2022	Common Stock			Supplemental 401 (k) Plan	F8, F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported transaction involves a transfer of securities by gift for which no consideration was received by the reporting person.
F2	Shares issued pursuant to vesting of performance-based restricted stock units, which were granted to the reporting person on January 29, 2021, under the 2019 M&T Bank Corporation Equity Incentive Compensation Plan and vested upon achievement of performance goals for the applicable performance period.
F3	The performance-based restricted stock units were granted under an equity incentive compensation plan maintained by M&T Bank Corporation, and therefore the reporting person paid no price for the performance-based restricted stock units.
F4	Shares withheld for taxes upon the settlement in shares of the performance-based restricted stock units previously granted to the reporting person.
F5	The reported transaction involves a transfer of securities by gift for which no consideration was paid.
F6	Includes fractional shares credited for the period between January 1, 2021 and December 31, 2021 through participation in the M&T Bank Corporation Dividend Reinvestment Plan.
F7	These shares are owned by the daughter of the reporting person through a custodial account under the Uniform Gifts to Minors Act for which the reporting person is custodian.
F8	The information presented is as of December 31, 2021.
F9	The reported phantom common stock units are held by the reporting person in an excess benefit plan account maintained by M&T Bank Corporation and represent a like number of shares of M&T Bank Corporation common stock. The phantom common stock units may only be settled in cash upon distribution in accordance with the terms of the plan. The reported phantom common stock units also include units acquired through the dividend reinvestment feature of the plan.