M&T BANK CORP — Director's Dealing 2020

Feb 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: M&T BANK CORP (MTB)
CIK: 0000036270
Period of Report: 2020-02-05

Reporting Person: King Darren J (E.V.P./Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-05	Option (right to buy)	$173.04	A	11356	Acquired	2030-02-05	Common Stock (11356)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	44534.39	Direct
Common Stock	689	Indirect
Common Stock	689	Indirect
Common Stock	689	Indirect
Common Stock	593	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Common Stock Units	$		Common Stock ()	140	Indirect

Footnotes

F1: These shares are owned by the son of the reporting person through a custodial account under the Uniform Transfers to Minors Act for which the reporting person is custodian.

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

F3: The information presented is as of December 31, 2019.

F4: The option granted includes a total of 11,356 shares. 3,785 of the shares are exercisable on or after February 5, 2021; an additional 3,785 of the shares are exercisable on or after February 5, 2022; and the remaining 3,786 shares are exercisable on or after February 5, 2023.

F5: The option was granted under an equity incentive compensation plan maintained by M&T Bank Corporation, 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 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.