M&T BANK CORP — Director's Dealing 2023

Feb 3, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: M&T BANK CORP (MTB)
CIK: 0000036270
Period of Report: 2023-01-31

Reporting Person: KAY CHRISTOPHER E (Sr. Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-31	Common Stock	A	767	$0.00	Acquired	7290	Direct
2023-01-31	Common Stock	F	277	$156.00	Disposed	7013	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-31	Option (right to buy)	$156.00	A	6188	Acquired	2033-01-31	Common Stock (6188)	Direct

Footnotes

F1: Shares issued pursuant to vesting of performance-based restricted stock units, which were granted to the reporting person on January 31, 2022, under the 2019 M&T Bank Corporation Equity Incentive Compensation Plan (the "Equity Plan") and vested upon achievement of performance goals for the applicable performance period.

F2: The performance-based restricted stock units were granted under the Equity Plan, 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 the performance-based restricted stock units previously granted to the reporting person.

F4: The option vests ratably on the first, second and third anniversary of the grant date.

F5: The option was granted under the Equity Plan, and therefore the reporting person paid no price for the option.