John K. Dwight - Apr 1, 2022 Form 4 Insider Report for People's United Financial, Inc. (PBCT)

Role: Director
Signature: /s/ Kristy Berner, attorney-in-fact
Stock symbol: PBCT
Transactions as of: Apr 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 4/4/2022, 11:08 AM
Previous filing: May 19, 2021

Transactions Table

Type	Sym	Class	Transaction	Shares	Change %	Date	Ownership	Footnotes
transaction	PBCT	Common Stock	Disposed to Issuer	-277K	-100%	Apr 1, 2022	Direct	F1, F2
transaction	PBCT	Common Stock	Disposed to Issuer	-8.9K	-100%	Apr 1, 2022	H. Dwight Revocable Trust	F1
transaction	PBCT	Common Stock	Disposed to Issuer	-4.25K	-100%	Apr 1, 2022	C. Dwight Revocable Trust	F1
transaction	PBCT	Common Stock	Disposed to Issuer	-4.25K	-100%	Apr 1, 2022	P. Dwight Revocable Trust	F1

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

Explanation of Responses:

Id	Content
F1	On April 1, 2022, pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), Bridge Merger Corp. ("Merger Sub"), a direct, wholly owned subsidiary of M&T Bank Corporation ("M&T"), merged with and into People's United Financial, Inc., a Delaware corporation ("People's United") with People's United as the surviving entity (the "Merger") and People's United then merged with and into M&T, with M&T as the surviving entity. Pursuant to the Merger Agreement, each issued and outstanding share of People's United common stock, including each restricted share award held by non-employee directors, was converted into the right to receive 0.118 of a share of M&T (the "exchange ratio").
F2	Includes 75,250 investment units accrued under the Chittenden Corporation Deferred Compensation Plan (including 645 units accrued due to the deemed reinvestment of dividend equivalents. Each investment unit corresponds to one share of common stock.

Content

On April 1, 2022, pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), Bridge Merger Corp. ("Merger Sub"), a direct, wholly owned subsidiary of M&T Bank Corporation ("M&T"), merged with and into People's United Financial, Inc., a Delaware corporation ("People's United") with People's United as the surviving entity (the "Merger") and People's United then merged with and into M&T, with M&T as the surviving entity. Pursuant to the Merger Agreement, each issued and outstanding share of People's United common stock, including each restricted share award held by non-employee directors, was converted into the right to receive 0.118 of a share of M&T (the "exchange ratio").

Includes 75,250 investment units accrued under the Chittenden Corporation Deferred Compensation Plan (including 645 units accrued due to the deemed reinvestment of dividend equivalents. Each investment unit corresponds to one share of common stock.