Michael J. Todaro - Feb 16, 2024 Form 4 Insider Report for M&T BANK CORP (MTB)

Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Stock symbol
MTB
Transactions as of
Feb 16, 2024
Transactions value $
-$125,447
Form type
4
Date filed
2/21/2024, 03:57 PM
Previous filing
Feb 2, 2024
Next filing
Aug 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Award $0 +2.41K +37.83% $0.00 8.78K Feb 16, 2024 Direct F1, F2
transaction MTB Common Stock Tax liability -$125K -907 -10.33% $138.31 7.88K Feb 16, 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.