Kevin J. Pearson - Dec 14, 2023 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
Vice Chairman
Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Stock symbol
MTB
Transactions as of
Dec 14, 2023
Transactions value $
$0
Form type
4
Date filed
12/15/2023, 04:11 PM
Previous filing
Feb 14, 2023
Next filing
Jan 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Gift $0 -1.6K -3.51% $0.00 44K Dec 14, 2023 Direct F1, F2
holding MTB Common Stock 5.79K Dec 14, 2023 By 2020 GRAT F2, F3
holding MTB Common Stock 3.25K Dec 14, 2023 By 401(k) Plan F4

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
holding MTB Phantom Common Stock Units 3.5K Dec 14, 2023 Common Stock Supplemental 401 (k) Plan F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transaction involves a transfer of securities by gift for which no payment of consideration was received by the reporting person.
F2 Reflects 1,735 shares distributed from the 2020 GRAT to the reporting person on December 12, 2023 in satisfaction of the 2020 GRAT's annuity obligation. See footnote (3) for information regarding the 2020 GRAT.
F3 The indicated shares are held by a Grantor Retained Annuity Trust ("2020 GRAT") of which the reporting person is trustee. The reporting person continues to report beneficial ownership of all of the M&T Bank Corporation common stock held by the 2020 GRAT but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
F4 The information presented is as of September 30, 2023.
F5 The reported phantom common stock units are held by the reporting person in a plan account maintained by M&T Bank Corporation under the M&T Bank Corporation Leadership Retirement Savings Plan and represent a like number of shares of M&T Bank Corporation common stock. The phantom common stock units are payable in cash and distributed in accordance with the terms of the plan. The reported phantom common stock units also include units acquired through the dividend reinvestment feature of the plan.