CHRISTOPHER E. KAY - 03 Feb 2023 Form 4 Insider Report for M&T BANK CORP (MTB)

Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Issuer symbol
MTB
Transactions as of
03 Feb 2023
Transactions value $
-$83,008
Form type
4
Filing time
07 Feb 2023, 16:28:20 UTC
Previous filing
02 Feb 2023
Next filing
31 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Award $0 +1.45K +20.62% $0.00 8.46K 03 Feb 2023 Direct F1, F2
transaction MTB Common Stock Tax liability -$83K -522 -6.17% $159.02 7.94K 03 Feb 2023 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 vesting of performance-based restricted stock units, which were granted to the reporting person on February 5, 2020, under the 2019 M&T Bank Corporation Equity Incentive Compensation Plan (the "Equity Plan") and vested upon achievement of performance goals for the applicable performance period.
F2 The performance-based restricted stock units were granted under the Equity Plan, and therefore the reporting person paid no price for the performance-based restricted stock units.
F3 Shares withheld for taxes upon the settlement in shares of the performance-based restricted stock units previously granted to the reporting person.