Kirk W. Walters - 06 May 2024 Form 4 Insider Report for M&T BANK CORP (MTB)

Role: Director
Signature: By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Issuer symbol: MTB
Transactions as of: 06 May 2024
Net transactions value: -$348,782
Form type: 4
Filing time: 07 May 2024, 17:22:10 UTC
Previous filing: 02 May 2024
Next filing: 13 May 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	Options Exercise	$1,285,289	+9,353	+128%	$137.42	16,655	06 May 2024	Direct
transaction	MTB	Common Stock	Options Exercise	$760,659	+5,872	+35%	$129.54	22,527	06 May 2024	Direct
transaction	MTB	Common Stock	Sale	$2,394,730	-16,179	-72%	$148.01	6,348	06 May 2024	Direct	F1
holding	MTB	Common Stock						8	06 May 2024	By 401(k)	F2
holding	MTB	Common Stock						4,688	06 May 2024	By Lacey & Sadie, LLC
holding	MTB	Common Stock						30,091	06 May 2024	By Gus & Bonnie, LLC
holding	MTB	Series H Perpetual Non-Cumulative Preferred Stock						40,000	06 May 2024	By Gus & Bonnie, LLC

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)	Options Exercise	$0	-9,353	-100%	$0.000000^*	0	06 May 2024	Common Stock	9,353	$137.42	Direct	F3, F4
transaction	MTB	Option (right to buy)	Options Exercise	$0	-5,872	-100%	$0.000000^*	0	06 May 2024	Common Stock	5,872	$129.54	Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This transaction was executed in multiple trades at prices ranging from $148.00 to $148.25. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2	The information presented is as of March 31, 2024.
F3	Currently exercisable.
F4	The option was granted under an employee stock option plan maintained by People's United Financial, Inc. ("People's United") and was converted into a stock option to acquire M&T Bank Corporation ("M&T") common stock pursuant to the Agreement and Plan of Merger by M&T, Bridge Merger Corp and People's United. The reporting person paid no price for the option.