John P. Barnes - Jul 27, 2023 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
Director
Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Stock symbol
MTB
Transactions as of
Jul 27, 2023
Transactions value $
-$1,243,152
Form type
4
Date filed
7/31/2023, 04:21 PM
Previous filing
May 2, 2023
Next filing
Dec 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Options Exercise $291K +2.47K +7.15% $117.82 37K Jul 27, 2023 Direct
transaction MTB Common Stock Sale -$290K -2.07K -5.59% $140.18 34.9K Jul 27, 2023 Direct F1
transaction MTB Common Stock Sale -$56.4K -400 -1.14% $141.06 34.5K Jul 27, 2023 Direct F2
transaction MTB Common Stock Options Exercise $6.31M +53.5K +154.99% $117.82 88.1K Jul 28, 2023 Direct
transaction MTB Common Stock Sale -$7.5M -53.5K -60.78% $140.00 34.5K Jul 28, 2023 Direct F3
holding MTB Common Stock 575 Jul 27, 2023 By IRA
holding MTB Common Stock 765 Jul 27, 2023 By ESOP F4
holding MTB Common Stock 1.56K Jul 27, 2023 By Nancy Barnes Living Trust
holding MTB Common Stock 70K Jul 27, 2023 By John P. Barnes Living Trust

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) Options Exercise $0 -2.47K -4.41% $0.00 53.5K Jul 27, 2023 Common Stock 2.47K $117.82 Direct F5, F6
transaction MTB Option (right to buy) Options Exercise $0 -53.5K -100% $0.00* 0 Jul 28, 2023 Common Stock 53.5K $117.82 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $140.00 to $140.45. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 This transaction was executed in multiple trades at prices ranging from $141.00 to $141.19. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 This transaction was executed in multiple trades at prices ranging from $140.00 to $140.025. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F4 Shares allocated for the benefit of the reporting person under the People's United Financial Inc. Employee Stock Ownership Plan ("ESOP"). This holding reflects shares that were acquired through the dividend reinvestment feature of the plan.
F5 Currently exercisable.
F6 The option was granted under an employee stock option plan maintained by People's United and was converted into a stock option to acquire M&T Bank Corporation ("M&T") common stock pursuant to the Agreement and Plan of Merger by M&T, Bridge Merger Corp and People's United. The reporting person paid no price for the option.