Laura P. O'Hara - 31 Jan 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)
Issuer symbol
MTB
Transactions as of
31 Jan 2022
Net transactions value
-$20,664
Form type
4
Filing time
02 Feb 2022, 18:08:04 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 +325 +12% $0.000000 3,046 31 Jan 2022 Direct F1, F2
transaction MTB Common Stock Tax liability $20,664 -122 -4% $169.38 2,924 31 Jan 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 +1,951 $0.000000 1,951 31 Jan 2022 Common Stock 1,951 $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.