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: Bojdak Robert J (Executive Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-05	Option (right to buy)	$173.04	A	4646	Acquired	2030-02-05	Common Stock (4646)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21860	Direct
Common Stock	2785	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Common Stock Units	$		Common Stock ()	1396	Indirect

Footnotes

F1: The information presented is as of December 31, 2019.

F2: The option granted includes a total of 4,646 shares. 1,548 of the shares are exercisable on or after February 5, 2021; an additional 1,549 of the shares are exercisable on or after February 5, 2022; and the remaining 1,549 shares are exercisable on or after February 5, 2023.

F3: 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.

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 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.