Darren J. King - 28 Jan 2022 Form 4 Insider Report for M&T BANK CORP (MTB)

Role: E.V.P./Chief Financial Officer
Signature: By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Issuer symbol: MTB
Transactions as of: 28 Jan 2022
Net transactions value: -$91,713
Form type: 4
Filing time: 01 Feb 2022, 18:59:50 UTC
Next filing: 02 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MTB	Common Stock	Gift	$0	-320	-0.69%	$0.000000	46,123	10 Dec 2021	Direct	F1
transaction	MTB	Common Stock	Gift	$0	-160	-0.35%	$0.000000	45,963	13 Dec 2021	Direct	F1
transaction	MTB	Common Stock	Award	$0	+1,404	+3.1%	$0.000000	47,367	28 Jan 2022	Direct	F2, F3
transaction	MTB	Common Stock	Tax liability	$91,713	-533	-1.1%	$172.07	46,834	28 Jan 2022	Direct	F4
transaction	MTB	Common Stock	Gift	$0	+160	+18%	$0.000000	1,049	10 Dec 2021	By Son	F5, F6
transaction	MTB	Common Stock	Gift	$0	+160	+18%	$0.000000	1,049	10 Dec 2021	By Daughter	F5
transaction	MTB	Common Stock	Gift	$0	+160	+18%	$0.000000	1,049	13 Dec 2021	By Daughter	F5
holding	MTB	Common Stock						854	28 Jan 2022	By 401(k) Plan	F7

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						150	28 Jan 2022	Common Stock			Supplemental 401(k) Plan	F7, F8

* 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 payment of 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 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	These shares are owned by the son of the reporting person through a custodial account under the Uniform Transfers to Minors Act for which the reporting person is custodian.
F7	The information presented is as of December 31, 2021.
F8	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.