M&T BANK CORP — Director's Dealing 2020

May 22, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: M&T BANK CORP (MTB)
CIK: 0000036270
Period of Report: 2020-05-20

Reporting Person: JONES RENE F (Director, Chairman of the Board and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-20	Common Stock	I	5008.509	$94.8386	Acquired	5008.509	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	62625.79	Direct
Common Stock	1.0209	Indirect
Common Stock	1.0209	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Common Stock Units	$		Common Stock ()	822	Indirect

Footnotes

F1: Includes 0.009305 of a share which was acquired between January 1, 2020 and March 31, 2020 through participation in the M&T Bank Corporation Dividend Reinvestment Plan.

F2: These shares are owned by the daughter of the reporting person through a custodial account under the Uniform Gifts to Minors Act for which the reporting person is custodian.

F3: The information presented is as of May 20, 2020.

F4: 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 may only be settled in cash upon distribution 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.

F5: The information presented is as of March 31, 2020.