| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MTB | Common Stock | Award | $0 | +2.33K | +5.3% | $0.00 | 46.3K | Jan 29, 2024 | Direct | F1, F2 |
| transaction | MTB | Common Stock | Tax liability | -$103K | -721 | -1.56% | $142.76 | 45.6K | Jan 29, 2024 | Direct | F3 |
| holding | MTB | Common Stock | 5.79K | Jan 29, 2024 | By 2020 GRAT | F4 | |||||
| holding | MTB | Common Stock | 3.28K | Jan 29, 2024 | By 401(k) Plan | F5 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | MTB | Phantom Common Stock Units | 3.53K | Jan 29, 2024 | Common Stock | Supplemental 401 (k) Plan | F5, F6 |
| Id | Content |
|---|---|
| F1 | Shares issued pursuant to vesting of performance-based restricted stock units, which were granted to the reporting person on January 29, 2021, under the 2019 M&T Bank Corporation Equity Incentive Compensation Plan (the "Plan") and vested upon achievement of performance goals for the applicable performance period. |
| F2 | The performance-based restricted stock units were granted under the Plan, and therefore the reporting person paid no price for the performance-based restricted stock units. |
| F3 | Shares withheld for taxes upon the settlement in shares of performance-based restricted stock units previously granted to the reporting person. |
| F4 | 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. |
| F5 | The information presented is as of December 31, 2023. |
| F6 | 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. |