Michael J. Todaro - 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
-$125,447
Form type
4
Filing time
21 Feb 2024, 15:57:36 UTC
Previous filing
02 Feb 2024
Next filing
13 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Award $0 +2,411 +38% $0.000000 8,784 16 Feb 2024 Direct F1, F2
transaction MTB Common Stock Tax liability $125,447 -907 -10% $138.31 7,877 16 Feb 2024 Direct F3
* 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 230 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.