Michael R. Spychala - 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	+286	+0.82%	$0.000000	35,375	10 Feb 2023	Direct	F1, F2
transaction	MTB	Common Stock	Tax liability	$18,923	-119	-0.34%	$159.02	35,256	10 Feb 2023	Direct	F3
holding	MTB	Common Stock						1,582	10 Feb 2023	401(k) Plan	F4

* 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 27 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	The information presented is as of December 31, 2022.