Kirk W. Walters - 01 Dec 2023 Form 4 Insider Report for M&T BANK CORP (MTB)

Role: Director
Signature: By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Issuer symbol: MTB
Transactions as of: 01 Dec 2023
Net transactions value: -$353,269
Form type: 4
Filing time: 04 Dec 2023, 16:57:07 UTC
Previous filing: 02 May 2023
Next filing: 15 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MTB	Common Stock	Options Exercise	$3,417,251	+29,004	+409%	$117.82	36,092	01 Dec 2023	Direct
transaction	MTB	Common Stock	Sale	$3,770,520	-29,004	-80%	$130.00	7,088	01 Dec 2023	Direct
holding	MTB	Common Stock						8	01 Dec 2023	By 401(k)	F1
holding	MTB	Common Stock						4,688	01 Dec 2023	By Lacey & Sadie, LLC
holding	MTB	Common Stock						30,091	01 Dec 2023	By Gus & Bonnie, LLC
holding	MTB	Series H Perpetual Non-Cumulative Preferred Stock						40,000	01 Dec 2023	By Gus & Bonnie, LLC

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	-29,004	-100%	$0.000000^*	0	01 Dec 2023	Common Stock	29,004	$117.82	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	The information presented is as of September 30, 2023.
F2	Currently exercisable.
F3	The option was granted under an employee stock option plan maintained by People's United Financial, Inc. ("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.