JOHN P. BARNES - 14 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
14 May 2024
Net transactions value
-$222,046
Form type
4
Filing time
16 May 2024, 15:27:56 UTC
Previous filing
07 May 2024
Next filing
24 Oct 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Options Exercise $6,487,410 +43,426 +122% $149.39 78,906 14 May 2024 Direct
transaction MTB Common Stock Sale $6,709,456 -43,426 -55% $154.50 35,480 14 May 2024 Direct F1
holding MTB Common Stock 1,348 14 May 2024 By IRA
holding MTB Common Stock 1,558 14 May 2024 By Nancy Barnes Living Trust
holding MTB Common Stock 69,960 14 May 2024 By John P. Barnes Living Trust

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 -43,426 -100% $0.000000* 0 14 May 2024 Common Stock 43,426 $149.39 Direct F2, F3
* 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 $154.50 to $154.59. 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 Currently exercisable.
F3 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.