| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MTB | Common Stock | Award | $0 | +376 | +7.47% | $0.00 | 5.41K | Feb 4, 2022 | Direct | F1, F2 |
| transaction | MTB | Common Stock | Tax liability | -$22.8K | -127 | -2.35% | $179.56 | 5.28K | Feb 4, 2022 | Direct | F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | MTB | Phantom Common Stock Units | 933 | Feb 4, 2022 | Common Stock | Supplemental 401(k) Plan | F4, F5 |
| Id | Content |
|---|---|
| F1 | Shares issued pursuant to vesting of performance-based restricted stock units, which were granted to the reporting person on February 5, 2020, under the 2019 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 the performance-based restricted stock units previously granted to the reporting person. |
| F4 | 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 upon distribution 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. |
| F5 | The information presented is as of December 31, 2021. |