| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MTB | Common Stock | Options Exercise | $1,284,893 | +7,809 | +137% | $164.54 | 13,507 | 01 Jun 2022 | Direct | |
| transaction | MTB | Common Stock | Options Exercise | $334,222 | +2,523 | +19% | $132.47 | 16,030 | 01 Jun 2022 | Direct | |
| transaction | MTB | Common Stock | Sale | $1,733,683 | -9,813 | -61% | $176.67 | 6,217 | 01 Jun 2022 | Direct | F1 |
| holding | MTB | Common Stock | 1,079 | 01 Jun 2022 | By 401(k) Plan | F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MTB | Option (right to buy) | Options Exercise | $0 | -7,809 | -100% | $0.000000* | 0 | 01 Jun 2022 | Common Stock | 7,809 | $164.54 | Direct | F3, F4 |
| transaction | MTB | Option (right to buy) | Options Exercise | $0 | -2,523 | -33% | $0.000000 | 5,047 | 01 Jun 2022 | Common Stock | 2,523 | $132.47 | Direct | F3, F5 |
| holding | MTB | Phantom Common Stock Units | 855 | 01 Jun 2022 | Common Stock | 855 | By Supplemental 401(k) Plan | F6, F7 |
| Id | Content |
|---|---|
| F1 | This transaction was executed in multiple trades at prices ranging from $176.39 to $177.35. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
| F2 | The information presented is as of April 26, 2022. |
| F3 | Currently exercisable. |
| F4 | The option was granted under an employee stock option plan maintained by M&T Bank Corporation, and therefore the reporting person paid no price for the option. |
| F5 | 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. |
| 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 are payable in cash and distributed in accordance with the terms of the plan. |
| F7 | The information presented is as of May 10, 2022. |