M&T BANK CORP — Director's Dealing 2021

Feb 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: M&T BANK CORP (MTB)
CIK: 0000036270
Period of Report: 2021-01-29

Reporting Person: SPYCHALA MICHAEL R (Sr. VP & Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-29	Common Stock	A	807	$0.00	Acquired	33532.02	Direct
2021-01-29	Common Stock	F	256	$132.47	Disposed	33276.02	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-29	Option (right to buy)	$132.47	A	849	Acquired	2031-01-29	Common Stock (849)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1491	Indirect

Footnotes

F1: Shares issued pursuant to vesting of performance-based restricted stock units, which were granted to the reporting person on January 31, 2018 and on January 31, 2019, respectively, under the 2009 M&T Bank Corporation Equity Incentive Compensation Plan and vested upon achievement of performance goals for the applicable performance period.

F2: The performance-based restricted stock units were granted under an equity incentive compensation plan maintained by M&T Bank Corporation, and therefore the reporting person paid no price for the performance-based restricted stock units.

F3: Shares withheld for taxes upon the settlement in shares of performance-based restricted stock units previously granted to the reporting person.

F4: The information presented is as of December 31, 2020.

F5: The option granted includes a total of 849 shares. 283 of the shares are exercisable on or after January 29, 2022; an additional 283 of the shares are exercisable on or after January 29, 2023; and the remaining 283 shares are exercisable on or after January 29, 2024.

F6: 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.