M&T BANK CORP — Director's Dealing 2023

Jul 31, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: M&T BANK CORP (MTB)
CIK: 0000036270
Period of Report: 2023-07-27

Reporting Person: BARNES JOHN P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-27	Common Stock	M	2470	$117.82	Acquired	37015	Direct
2023-07-27	Common Stock	S	2070	$140.1773	Disposed	34945	Direct
2023-07-27	Common Stock	S	400	$141.0557	Disposed	34545	Direct
2023-07-28	Common Stock	M	53542	$117.82	Acquired	88087	Direct
2023-07-28	Common Stock	S	53542	$140.0003	Disposed	34545	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-27	Option (right to buy)	$117.82	M	2470	Disposed	2024-02-20	Common Stock (2470)	Direct
2023-07-28	Option (right to buy)	$117.82	M	53542	Disposed	2024-02-20	Common Stock (53542)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	575	Indirect
Common Stock	765	Indirect
Common Stock	1558	Indirect
Common Stock	69960	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $140.00 to $140.45. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: This transaction was executed in multiple trades at prices ranging from $141.00 to $141.19. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: This transaction was executed in multiple trades at prices ranging from $140.00 to $140.025. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F4: Shares allocated for the benefit of the reporting person under the People's United Financial Inc. Employee Stock Ownership Plan ("ESOP"). This holding reflects shares that were acquired through the dividend reinvestment feature of the plan.

F5: Currently exercisable.

F6: The option was granted under an employee stock option plan maintained by People's United and was converted into a stock option to acquire M&T Bank Corporation ("M&T") common stock pursuant to the Agreement and Plan of Merger by M&T, Bridge Merger Corp and People's United. The reporting person paid no price for the option.