Laura P. O'Hara - Jan 31, 2022 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
Executive VP & General Counsel
Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Stock symbol
MTB
Transactions as of
Jan 31, 2022
Transactions value $
-$20,664
Form type
4
Date filed
2/2/2022, 06:08 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 +325 +11.94% $0.00 3.05K Jan 31, 2022 Direct F1, F2
transaction MTB Common Stock Tax liability -$20.7K -122 -4.01% $169.38 2.92K Jan 31, 2022 Direct F3

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 +1.95K $0.00 1.95K Jan 31, 2022 Common Stock 1.95K $169.38 Direct 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 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 The option granted includes a total of 1,951 shares. 650 of the shares are exercisable on or after January 31, 2023; an additional 650 of the shares are exercisable on or after January 31, 2024; and the remaining 651 shares are exercisable on or after January 31, 2025.
F5 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.