Robert J. Bojdak - Jan 31, 2024 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
Sr. Executive Vice President
Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Stock symbol
MTB
Transactions as of
Jan 31, 2024
Transactions value $
-$50,268
Form type
4
Date filed
2/2/2024, 04:39 PM
Previous filing
Jan 31, 2024
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Award $0 +1.08K +6.19% $0.00 18.4K Jan 31, 2024 Direct F1, F2
transaction MTB Common Stock Tax liability -$50.3K -364 -1.97% $138.10 18.1K Jan 31, 2024 Direct F3
holding MTB Common Stock 3.21K Jan 31, 2024 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
transaction MTB Option (right to buy) Award $0 +2.63K $0.00 2.63K Jan 31, 2024 Common Stock 2.63K $138.10 Direct F5, F6
holding MTB Phantom Common Stock Units 1.61K Jan 31, 2024 Common Stock Supplemental 401 (k) Plan F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares issued pursuant to vesting of performance-based restricted stock units, which were granted to the reporting person on January 31, 2022 and January 31, 2023, under the 2019 M&T Bank Corporation Equity Incentive Compensation Plan (the "Plan") and vested upon achievement of performance goals for the applicable performance periods.
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 stock units previously granted to the reporting person.
F4 The information presented is as of December 31, 2023.
F5 The option vests ratably on the first, second and third anniversary of the grant date.
F6 The option was granted under the Plan, and therefore the reporting person paid no price for the option.
F7 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.