Michael R. Spychala - Jan 31, 2022 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
Sr. VP & Controller
Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Stock symbol
MTB
Transactions as of
Jan 31, 2022
Transactions value $
-$24,221
Form type
4
Date filed
2/2/2022, 06:14 PM
Previous filing
Feb 1, 2022
Next filing
Feb 8, 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 +422 +1.25% $0.00 34.2K Jan 31, 2022 Direct F1, F2
transaction MTB Common Stock Tax liability -$24.2K -143 -0.42% $169.38 34.1K Jan 31, 2022 Direct F3
holding MTB Common Stock 1.54K Jan 31, 2022 401(k) Plan 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 +1.13K $0.00 1.13K Jan 31, 2022 Common Stock 1.13K $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 The information presented is as of December 31, 2021.
F5 The option granted includes a total of 1,127 shares. 375 of the shares are exercisable on or after January 31, 2023; an additional 376 of the shares are exercisable on or after January 31, 2024; and the remaining 376 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.