Kevin J. Pearson - Feb 14, 2025 Form 4 Insider Report for M&T BANK CORP (MTB)

Role
Vice Chairman
Signature
By: Thomas M. Gordon (Attorney-In-Fact)
Stock symbol
MTB
Transactions as of
Feb 14, 2025
Transactions value $
-$591,688
Form type
4
Date filed
2/19/2025, 05:11 PM
Previous filing
Feb 4, 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 +6.05K +13.66% $0.00 50.3K Feb 14, 2025 Direct F1, F2
transaction MTB Common Stock Tax liability -$592K -2.98K -5.91% $198.82 47.3K Feb 14, 2025 Direct F3
holding MTB Common Stock 4.33K Feb 14, 2025 By SLAT F4
holding MTB Common Stock 3.39K Feb 14, 2025 By 401(k) Plan F5

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 3.65K Feb 14, 2025 Common Stock 3.65K By Supplemental 401(k) Plan F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares issued pursuant to performance-vested stock units (including 591 shares issued for related dividend equivalent units) that were granted to the reporting person on January 31, 2022 under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan (the " Equity Plan") and were earned based on achievement against pre-established performance criteria for the three-year performance period ended December 31, 2024, as determined by the Company's Compensation and Human Capital Committee on February 14, 2025.
F2 The performance-vested restricted stock units were granted under the Equity Plan, and therefore the reporting person paid no price for the performance-vested restricted stock units.
F3 Shares withheld for taxes upon the settlement in shares of performance-vested stock units previously granted to the reporting person.
F4 The indicated shares are held in a SLAT for the benefit of the reporting person's spouse and descendants. The reporting person's spouse is a co-trustee of the trust.
F5 The information presented is as of December 31, 2024.
F6 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.