Rene F. Jones - 10 Feb 2023 Form 4 Insider Report for M&T BANK CORP (MTB)

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MTB	Common Stock	Award	$0	+4,879	+5.9%	$0.000000	86,926	10 Feb 2023	Direct	F1, F2
transaction	MTB	Common Stock	Tax liability	$398,027	-2,503	-2.9%	$159.02	84,423	10 Feb 2023	Direct	F3
holding	MTB	Common Stock						422	10 Feb 2023	By Daughter	F4
holding	MTB	Common Stock						422	10 Feb 2023	By Daughter	F4
holding	MTB	Common Stock						5,481	10 Feb 2023	By 401(k) Plan	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Shares issued pursuant to performance-vested stock units (including 469 shares issued for related dividend equivalent units) that were granted to the reporting person on February 5, 2020 under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan (the "Plan") and were earned based on achievement against pre-established performance criteria for the three-year performance period ended December 31, 2022, as determined by the Company's Compensation and Human Capital Committee on February 10, 2023.
F2	The performance-vested stock units were granted under the Plan and therefore the reporting person paid no price for the performance-vested stock units.
F3	Shares withheld for taxes upon the settlement in shares of performance-vested stock units previously granted to the reporting person.
F4	These shares are owned by the daughter of the reporting person through a custodial account under the Uniform Gifts to Minors Act for which the reporting person is custodian.
F5	The information presented is as of December 31, 2022.