M&T BANK CORP — Director's Dealing 2023

Feb 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: M&T BANK CORP (MTB)
CIK: 0000036270
Period of Report: 2023-02-10

Reporting Person: Todaro Michael J. (Sr. Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-10	Common Stock	A	722	$0.00	Acquired	5384	Direct
2023-02-10	Common Stock	F	294	$159.02	Disposed	5090	Direct

Footnotes

F1: Shares issued pursuant to performance-vested stock units (including 69 shares issued for related dividend equivalent units) that were granted to the reporting person on February 5, 2020 under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan (the "Plan") and were earned based on achievement against pre-established performance criteria for the three-year performance period ended December 31, 2022, as determined by the Company's Compensation and Human Capital Committee on February 10, 2023.

F2: The performance-vested stock units were granted under the Plan and therefore the reporting person paid no price for the performance-vested stock units.

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