M&T BANK CORP — Director's Dealing 2020

Apr 4, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: M&T BANK CORP (MTB)
CIK: 0000036270
Period of Report: 2020-03-12

Reporting Person: SADLER ROBERT E JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-12	Common Stock	A	48	$0.00	Acquired	21258	Direct
2020-04-01	Common Stock	A	234	$103.43	Acquired	21492	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	32993	Indirect
Common Stock	22386	Indirect
Common Stock	23550	Indirect

Footnotes

F1: This transaction represents a stock award received by the reporting person pursuant to the M&T Bank Corporation 2019 Equity Incentive Compensation Plan for service on a regional Directors Advisory Council of M&T Bank. This late filing is due to an inadvertent administrative error and not any error of the reporting person.

F2: The stock award was granted under an equity incentive compensation plan maintained by M&T Bank Corporation, and therefore the reporting person paid no price for the award.

F3: This transaction represents stock received by the reporting person in lieu of cash fees pursuant to the M&T Bank Corporation 2008 Directors' Stock Plan.

F4: 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.

F5: 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.