Rene F. Jones - Jan 31, 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 31, 2022
Transactions value $: -$291,503
Form type: 4
Date filed: 2/2/2022, 05:55 PM
Previous filing: Feb 1, 2022
Next filing: Feb 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MTB	Common Stock	Award	$0	+4.01K	+5.74%	$0.00	73.9K	Jan 31, 2022	Direct	F1, F2
transaction	MTB	Common Stock	Tax liability	-$292K	-1.72K	-2.33%	$169.38	72.2K	Jan 31, 2022	Direct	F3
holding	MTB	Common Stock						195	Jan 31, 2022	By Daughter	F4
holding	MTB	Common Stock						195	Jan 31, 2022	By Daughter	F4
holding	MTB	Common Stock						5.32K	Jan 31, 2022	By 401(k) Plan	F5

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	+23K		$0.00	23K	Jan 31, 2022	Common Stock	23K	$169.38	Direct	F6, F7
holding	MTB	Phantom Common Stock Units						874	Jan 31, 2022	Common Stock			Supplemental 401 (k) Plan	F5, F8

* 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 the performance-based restricted stock units previously granted to the reporting person.
F4	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.
F5	The information presented is as of December 31, 2021.
F6	The option granted includes a total of 22,969 shares. 7,656 of the shares are exercisable on or after January 31, 2023; an additional 7,656 of the shares are exercisable on or after January 31, 2024; and the remaining 7,657 shares are exercisable on or after January 31, 2025.
F7	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.
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.