Laura P. O'Hara - Jan 31, 2024 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
Sr. EVP & Chief Legal Officer
Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Stock symbol
MTB
Transactions as of
Jan 31, 2024
Transactions value $
-$45,435
Form type
4
Date filed
2/2/2024, 04:47 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 +864 +19.8% $0.00 5.23K Jan 31, 2024 Direct F1, F2
transaction MTB Common Stock Tax liability -$45.4K -329 -6.29% $138.10 4.9K Jan 31, 2024 Direct F3

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 +2.46K $0.00 2.46K Jan 31, 2024 Common Stock 2.46K $138.10 Direct F4, F5
* 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 The option vests ratably on the first, second and third anniversary of the grant date.
F5 The option was granted under the Plan, and therefore the reporting person paid no price for the option.