John P. Barnes - Aug 10, 2022 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
Director
Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Stock symbol
MTB
Transactions as of
Aug 10, 2022
Transactions value $
-$930,932
Form type
4
Date filed
8/12/2022, 04:25 PM
Previous filing
May 3, 2022
Next filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Options Exercise $1.37M +12.5K +37.24% $109.67 46.1K Aug 10, 2022 Direct
transaction MTB Common Stock Sale -$2.3M -12.5K -27.13% $184.10 33.6K Aug 10, 2022 Direct F1
holding MTB Common Stock 575 Aug 10, 2022 By IRA F2
holding MTB Common Stock 738 Aug 10, 2022 By ESOP F3
holding MTB Common Stock 1.56K Aug 10, 2022 By Nancy Barnes Living Trust
holding MTB Common Stock 84.9K Aug 10, 2022 By John P. Barnes Living Trust

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
transaction MTB Option (right to buy) Options Exercise $0 -12.5K -100% $0.00* 0 Aug 10, 2022 Common Stock 12.5K $109.67 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $183.77 to $184.47. 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 Shares previously owned indirectly through People's United Bank 401(k) Plan.
F3 Shares allocated for the benefit of the reporting person under the People's United Financial Inc. ("People's United") Employee Stock Ownership Plan ("ESOP"). This holding reflects shares that were acquired through the dividend reinvestment feature of the plan.
F4 Currently exercisable.
F5 The option was granted under an employee stock option plan maintained by People's United and was converted into a stock option to acquire M&T Bank Corporation ("M&T") common stock pursuant to the Agreement and Plan of Merger by M&T, Bridge Merger Corp and People's United. The reporting person paid no price for the option.