Darren J. King - Feb 11, 2022 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
E.V.P./Chief Financial Officer
Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Stock symbol
MTB
Transactions as of
Feb 11, 2022
Transactions value $
-$159,148
Form type
4
Date filed
2/15/2022, 07:57 PM
Previous filing
Feb 8, 2022
Next filing
Jan 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Award $0 +2.16K +4.44% $0.00 50.7K Feb 11, 2022 Direct F1, F2
transaction MTB Common Stock Tax liability -$159K -873 -1.72% $182.30 49.8K Feb 11, 2022 Direct F3
holding MTB Common Stock 1.05K Feb 11, 2022 By Son F4
holding MTB Common Stock 1.05K Feb 11, 2022 By Daughter
holding MTB Common Stock 1.05K Feb 11, 2022 By Daughter
holding MTB Common Stock 854 Feb 11, 2022 By 401(k) Plan F5

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
holding MTB Phantom Common Stock Units 150 Feb 11, 2022 Common Stock Supplemental 401(k) Plan 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 performance-vested stock units (including 198 shares issued for related dividend equivalent units) that were granted to the reporting person on January 31, 2019 under the 2009 M&T Bank Corporation Equity Incentive Compensation Plan and were earned based on achievement against pre-established performance criteria for the three-year performance period ended December 31, 2021, as determined by the Company's Nomination, Compensation and Governance Committee on February 11, 2022.
F2 The performance-vested 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-vested stock units.
F3 Shares withheld for taxes upon the settlement in shares of performance-vested stock units.
F4 These shares are owned by the son of the reporting person through a custodial account under the Uniform Transfers to Minors Act for which the reporting person is custodian.
F5 The information presented is as of December 31, 2021.
F6 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.