| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MTB | Common Stock | Award | $0 | +2.4K | +6.13% | $0.00 | 41.6K | Jan 31, 2022 | Direct | F1, F2 |
| transaction | MTB | Common Stock | Tax liability | -$126K | -744 | -1.79% | $169.38 | 40.8K | Jan 31, 2022 | Direct | F3 |
| holding | MTB | Common Stock | 8.67K | Jan 31, 2022 | By 2020 GRAT | F4 | |||||
| holding | MTB | Common Stock | 3.06K | Jan 31, 2022 | By 401(k) Plan | F5 |
| 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 | +10.4K | $0.00 | 10.4K | Jan 31, 2022 | Common Stock | 10.4K | $169.38 | Direct | F6, F7 | |
| holding | MTB | Phantom Common Stock Units | 3.29K | Jan 31, 2022 | Common Stock | Supplemental 401 (k) Plan | F5, F8 |
| 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 indicated shares are held by a Grantor Retained Annuity Trust ("2020 GRAT") of which the reporting person is trustee. The reporting person continues to report beneficial ownership of all of the M&T Bank Corporation common stock held by the 2020 GRAT but disclaims beneficial ownership except to the extent of his pecuniary interest therein. |
| F5 | The information presented is as of December 31, 2021. |
| F6 | The option granted includes a total of 10,401 shares. 3,467 of the shares are exercisable on or after January 31, 2023; an additional 3,467 of the shares are exercisable on or after January 31, 2024; and the remaining 3,467 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 and distributed 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. |