Richard S. Gold - 31 Jan 2022 Form 4 Insider Report for M&T BANK CORP (MTB)

Role: President & COO, Director
Signature: By: Stephen T. Wilson, Esq. (Attorney-in-Fact)
Issuer symbol: MTB
Transactions as of: 31 Jan 2022
Net transactions value: -$137,198
Form type: 4
Filing time: 02 Feb 2022, 17:52:39 UTC
Previous filing: 01 Feb 2022
Next filing: 08 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	Award	$0	+2,401	+4.9%	$0.000000	51,294	31 Jan 2022	Direct	F1, F2
transaction	MTB	Common Stock	Tax liability	$137,198	-810	-1.6%	$169.38	50,484	31 Jan 2022	Direct	F3
holding	MTB	Common Stock						2	31 Jan 2022	Direct	F4

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
transaction	MTB	Option (right to buy)	Award	$0	+10,401		$0.000000	10,401	31 Jan 2022	Common Stock	10,401	$169.38	Direct	F5, F6

* 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 31, 2019, under the 2009 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 performance-based restricted stock units previously granted to the reporting person.
F4	Jointly owned.
F5	The option granted included a total of 10,401 shares. 3,467 of the shares are exercisable on or after January 31, 2023; an additional 3,467 shares are exercisable on or after January 31, 2024; and the remaining 3,467 shares are exercisable on or after January 31, 2025.
F6	The option was granted under an equity incentive compensation plan maintained by M&T Bank Corporation, and therefore the reporting person paid no price for the option.