Rene F. Jones - 31 Jan 2024 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
Chairman of the Board and CEO, Director
Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Issuer symbol
MTB
Transactions as of
31 Jan 2024
Net transactions value
-$497,160
Form type
4
Filing time
02 Feb 2024, 16:42:37 UTC
Previous filing
31 Jan 2024
Next filing
21 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Award $0 +8,257 +9.7% $0.000000 93,482 31 Jan 2024 Direct F1, F2
transaction MTB Common Stock Tax liability $497,160 -3,600 -3.9% $138.10 89,882 31 Jan 2024 Direct F3
holding MTB Common Stock 680 31 Jan 2024 By Daughter F4
holding MTB Common Stock 680 31 Jan 2024 By Daughter F4
holding MTB Common Stock 5,709 31 Jan 2024 By 401(k) Plan F5

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 +21,048 $0.000000 21,048 31 Jan 2024 Common Stock 21,048 $138.10 Direct F6, 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 restricted stock units previously granted to the reporting person.
F4 These shares are owned by the daughter of the reporting person through a custodial account under the Uniform Gifts to Minors Act for which the reporting person is custodian.
F5 The information presented is as of December 31, 2023.
F6 The option vests ratably on the first, second and third anniversary of the grant date.
F7 The option was granted under the Plan, and therefore the reporting person paid no price for the option.