MICHAEL R. SPYCHALA - 31 Jan 2022 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
Sr. VP & Controller
Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Issuer symbol
MTB
Transactions as of
31 Jan 2022
Net transactions value
-$24,221
Form type
4
Filing time
02 Feb 2022, 18:14:23 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 +422 +1.2% $0.000000 34,196 31 Jan 2022 Direct F1, F2
transaction MTB Common Stock Tax liability $24,221 -143 -0.42% $169.38 34,053 31 Jan 2022 Direct F3
holding MTB Common Stock 1,536 31 Jan 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 +1,127 $0.000000 1,127 31 Jan 2022 Common Stock 1,127 $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.