M&T BANK CORP — Director's Dealing 2021

Jan 6, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: M&T BANK CORP (MTB)
CIK: 0000036270
Period of Report: 2021-01-04

Reporting Person: SADLER ROBERT E JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-06	Common Stock	J	17143	$0.00	Acquired	39069	Direct
2021-01-04	Common Stock	A	178	$127.30	Acquired	39247	Direct
2020-11-19	Common Stock	G	1260	$0.00	Disposed	21126	Indirect
2020-11-30	Common Stock	G	420	$0.00	Disposed	20706	Indirect
2020-11-06	Common Stock	J	17143	$0.00	Disposed	6407	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	32993	Indirect

Footnotes

F1: This transaction represents a distribution to the reporting person from GRAT #1 in the form of an annuity. See footnote (5) for information regarding GRAT #1.

F2: 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.

F3: The reported transaction involved a transfer of securities by gift for which no payment of consideration was received by the reporting person.

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.