Kevin J. Pearson - Nov 1, 2024 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
Vice Chairman
Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Stock symbol
MTB
Transactions as of
Nov 1, 2024
Transactions value $
-$1,469,109
Form type
4
Date filed
11/5/2024, 06:35 PM
Previous filing
Aug 13, 2024
Next filing
Nov 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Sale -$1.47M -7.5K -15.62% $195.88 40.5K Nov 1, 2024 Direct F1, F2
holding MTB Common Stock 4.33K Nov 1, 2024 By 2020 GRAT F2, F3
holding MTB Common Stock 3.37K Nov 1, 2024 By 401(k) Plan F4

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
holding MTB Phantom Common Stock Units 3.62K Nov 1, 2024 Common Stock 3.62K Supplemental 401 (k) Plan F4, F5
* 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 $195.78 to $196.05. 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 Reflects 1,458 shares distributed from the 2020 GRAT to the reporting person in satisfaction of the 2020 GRAT's annuity obligation on October 30, 2024. See footnote (3) for information regarding the 2020 GRAT.
F3 The indicated shares are held by a Grantor Retained Annuity Trust ("2020 GRAT") of which the reporting person is trustee. The reporting person continues to report beneficial ownership of all of the M&T Bank Corporation common stock held by the 2020 GRAT but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
F4 The information presented is as of September 30, 2024.
F5 The reported phantom common stock units are held by the reporting person in a plan account maintained by M&T Bank Corporation under the M&T Bank Corporation Leadership Retirement Savings Plan and represent a like number of shares of M&T Bank Corporation common stock. The phantom common stock units are payable in cash and distributed in accordance with the terms of the plan. The reported phantom common stock units also include units acquired through the dividend reinvestment feature of the plan.