Scott Warman D. - Jan 28, 2022 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
Executive Vice President
Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Stock symbol
MTB
Transactions as of
Jan 28, 2022
Transactions value $
-$33,726
Form type
4
Date filed
2/1/2022, 07:21 PM
Previous filing
Nov 16, 2021
Next filing
Feb 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Award $0 +579 +5.5% $0.00 11.1K Jan 28, 2022 Direct F1, F2
transaction MTB Common Stock Tax liability -$33.7K -196 -1.77% $172.07 10.9K Jan 28, 2022 Direct F3
holding MTB Common Stock 7.24K Jan 28, 2022 401(k) Plan F4
holding MTB Common Stock 787 Jan 28, 2022 By IRA

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 4.66K Jan 28, 2022 Common Stock Supplemental 401 (k) Plan F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 Shares withheld for taxes upon the settlement in shares of the performance-based restricted stock units previously granted to the reporting person.
F4 The information presented is as of December 31, 2021.
F5 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.