Kevin J. Pearson - 17 May 2022 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
Vice Chairman
Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Issuer symbol
MTB
Transactions as of
17 May 2022
Transactions value $
-$848,525
Form type
4
Filing time
19 May 2022, 17:03:21
Previous filing
15 Feb 2022
Next filing
31 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Sale -$849K -5K -11.36% $169.71 39K 17 May 2022 Direct
transaction MTB Common Stock Gift $0 -1.9K -4.87% $0.00 37.1K 19 May 2022 Direct F1
holding MTB Common Stock 8.67K 17 May 2022 By 2020 GRAT F2
holding MTB Common Stock 3.08K 17 May 2022 By 401(k) Plan F3

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 3.31K 17 May 2022 Common Stock Supplemental 401 (k) Plan F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transaction involves a transfer of securities by gift for which no payment of consideration was received by the reporting person.
F2 The indicated shares are held by a Grantor Retained Annuity Trust ("2020 GRAT") of which the reporting person is trustee. The reporting person continues to report beneficial ownership of all of the M&T Bank Corporation common stock held by the 2020 GRAT but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
F3 The information presented is as of March 31, 2022.
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 are payable in cash and distributed 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.