M&T BANK CORP — Director's Dealing 2019

Nov 8, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: M&T BANK CORP (MTB)
CIK: 0000036270
Period of Report: 2019-11-06

Reporting Person: SADLER ROBERT E JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-06	Common Stock	S	8700	$165.436	Disposed	12629	Direct
2019-11-07	Common Stock	J	8450	$0.00	Acquired	21079	Direct
2019-11-07	Common Stock	J	8450	$0.00	Disposed	23550	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	32993	Indirect
Common Stock	24743	Indirect

Footnotes

F1: This transaction represents a distribution to the reporting person from GRAT #1 in the form of an annuity. See footnote (3) for information regarding GRAT #1.

F2: The indicated shares are held by the Sadler Family Foundation, a charitable trust in which the reporting person has no pecuniary interest. The reporting person is a trustee of the Sadler Family Foundation and holds voting and dispositive power over the shares held by it.

F3: The indicated shares are held by a Grantor Retained Annuity Trust ("GRAT #1") of which the reporting person is trustee and of which the reporting person and his descendants are beneficiaries. The reporting person continues to report beneficial ownership of all of the M&T Bank Corporation common stock held by the GRAT #1 but disclaims beneficial ownership except to the extent of his pecuniary interest therein.