Michael J. Todaro - 10 Feb 2023 Form 4 Insider Report for M&T BANK CORP (MTB)

Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Issuer symbol
MTB
Transactions as of
10 Feb 2023
Net transactions value
-$46,752
Form type
4
Filing time
14 Feb 2023, 16:29:27 UTC
Previous filing
07 Feb 2023
Next filing
31 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Award $0 +722 +15% $0.000000 5,384 10 Feb 2023 Direct F1, F2
transaction MTB Common Stock Tax liability $46,752 -294 -5.5% $159.02 5,090 10 Feb 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares issued pursuant to performance-vested stock units (including 69 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.