Rene F. Jones - 16 Feb 2024 Form 4 Insider Report for M&T BANK CORP (MTB)

Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Issuer symbol
MTB
Transactions as of
16 Feb 2024
Net transactions value
-$1,503,291
Form type
4
Filing time
21 Feb 2024, 15:50:13 UTC
Previous filing
02 Feb 2024
Next filing
17 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Award $0 +21,284 +24% $0.000000 111,166 16 Feb 2024 Direct F1, F2
transaction MTB Common Stock Tax liability $1,503,291 -10,869 -9.8% $138.31 100,297 16 Feb 2024 Direct F3
holding MTB Common Stock 680 16 Feb 2024 By Daughter F4
holding MTB Common Stock 680 16 Feb 2024 By Daughter F4
holding MTB Common Stock 5,709 16 Feb 2024 By 401(k) Plan 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 performance-vested stock units (including 2,033 shares issued for related dividend equivalent units) that were granted to the reporting person on January 29, 2021 under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan (the "Plan") and were earned based on achievement against pre-established performance criteria for the three-year performance period ended December 31, 2023, as determined by the Company's Compensation and Human Capital Committee on February 16, 2024.
F2 The performance-vested restricted stock units were granted under the Plan, and therefore the reporting person paid no price for the performance-vested restricted stock units.
F3 Shares withheld for taxes upon the settlement in shares of performance-vested 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 February 14, 2024.