Peter D'Arcy - Jan 31, 2025 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
Sr. Executive Vice President
Signature
By: Stephen T. Wilson, Esq. (Attorney-In-Fact)
Stock symbol
MTB
Transactions as of
Jan 31, 2025
Transactions value $
-$195,404
Form type
4
Date filed
2/4/2025, 06:28 PM
Previous filing
Feb 21, 2024
Next filing
Feb 19, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTB Common Stock Award $0 +2.59K +27.84% $0.00 11.9K Jan 31, 2025 Direct F1, F2
transaction MTB Common Stock Tax liability -$195K -971 -8.15% $201.24 10.9K Jan 31, 2025 Direct F3

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) Award $0 +1.79K $0.00 1.79K Jan 31, 2025 Common Stock 1.79K $201.24 Direct F4, F5
holding MTB Phantom Common Stock Units 322 Jan 31, 2025 Common Stock 322 By Supplemental 401(k) Plan F6, F7
* 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 January 31, 2022, January 31, 2023 and January 31, 2024, under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan (the " Equity Plan") and vested upon achievement of performance goals for the applicable performance periods.
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 performance-based restricted stock units previously granted to the reporting person.
F4 The option vests ratably on the first, second and third anniversary of the grant date.
F5 The option was granted under the Equity Plan, and therefore the reporting person paid no price for the option.
F6 The reported phantom common stock units are held by the reporting person in an excess benefit plan account maintained by M&T Bank Corporation 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.
F7 The information presented is as of December 31, 2024.