Gino A. Martocci - Feb 11, 2022 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
Executive Vice President
Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Stock symbol
MTB
Transactions as of
Feb 11, 2022
Transactions value $
-$113,573
Form type
4
Date filed
2/15/2022, 08:00 PM
Previous filing
Feb 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Award $0 +1.69K +9.23% $0.00 20K Feb 11, 2022 Direct F1, F2
transaction MTB Common Stock Tax liability -$114K -623 -3.12% $182.30 19.3K Feb 11, 2022 Direct F3
holding MTB Common Stock 1.85K Feb 11, 2022 By 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
holding MTB Phantom Common Stock Units 357 Feb 11, 2022 Common Stock Supplemental 401(k) Plan F4, F5
* 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 155 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 the performance-vested stock units.
F4 The information presented is as of December 31, 2021.
F5 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.