Richard S. Gold - Jan 27, 2023 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
President & COO, Director
Signature
By: Stephen T. Wilson, Esq. (Attorney-in-Fact)
Stock symbol
MTB
Transactions as of
Jan 27, 2023
Transactions value $
-$121,659
Form type
4
Date filed
1/31/2023, 04:30 PM
Previous filing
Feb 15, 2022
Next filing
Feb 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Award $0 +2.33K +4.35% $0.00 55.8K Jan 27, 2023 Direct F1, F2
transaction MTB Common Stock Tax liability -$122K -785 -1.41% $154.98 55K Jan 27, 2023 Direct F3
holding MTB Common Stock 2.5 Jan 27, 2023 Direct 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 vesting of performance-based restricted stock units, which were granted to the reporting person on January 29, 2021, under the 2019 M&T Bank Corporation Equity Incentive Compensation Plan and vested upon achievement of performance goals for the applicable performance period.
F2 The performance-based restricted 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-based restricted stock units.
F3 Shares withheld for taxes upon the settlement in shares of performance-based restricted stock units previously granted to the reporting person.
F4 Includes fractional shares credited for the period between January 1, 2022 and December 31, 2022 through participation in the M&T Bank Corporation Dividend Reinvestment Plan.
F5 Jointly owned.