Peter D'Arcy - Jan 31, 2023 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
Sr. Executive Vice President
Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Stock symbol
MTB
Transactions as of
Jan 31, 2023
Transactions value $
-$35,880
Form type
4
Date filed
2/2/2023, 04:57 PM
Previous filing
Jan 31, 2023
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Award $0 +639 +12.88% $0.00 5.6K Jan 31, 2023 Direct F1, F2
transaction MTB Common Stock Tax liability -$35.9K -230 -4.11% $156.00 5.37K Jan 31, 2023 Direct 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
transaction MTB Option (right to buy) Award $0 +4.82K $0.00 4.82K Jan 31, 2023 Common Stock 4.82K $156.00 Direct F4, F5
holding MTB Phantom Common Stock Units 300 Jan 31, 2023 Common Stock Supplemental 401 (k) Plan F6, F7
* 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 31, 2022, under the 2019 M&T Bank Corporation Equity Incentive Compensation Plan (the "Equity Plan") and vested upon achievement of performance goals for the applicable performance period.
F2 The performance-based restricted stock units were granted under the Equity Plan, 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 The option vests ratably on the first, second and third anniversary of the grant date.
F5 The option was granted under the Equity Plan, 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 a plan account maintained by M&T Bank Corporation under the M&T Bank Corporation Leadership Retirement Savings Plan 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.
F7 The information presented is as of December 31, 2022.