Company: MTB-PJ
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-044781
Chunk: 62

Company: M&T BANK CORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 62
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), we have chosen to continue using the same median employee for purposes of this disclosure as was used in the proxy statement for the 2023 and 2024 Annual Meeting of Shareholders. There has been no material change in our employee population that we believe would significantly impact this disclosure. Our median employee was identified by calculating the total cash compensation and equity awards granted within the twelve months prior to December 31, 2022 to all domestic employees, excluding the CEO, employed as of December 31, 2022, the last day of our fiscal year. The fixed compensation of our employees hired during the year was annualized. Additionally, non-U.S.employees account for 0.66% of M&T’s employees and therefore have been excluded under the de minimis exemption allowed by the rule. These non-U.S.employees being excluded are from Canada (10 employees), the United Kingdom (91 employees), Germany (8 employees) and Ireland (38 employees).

| 69 |

| Total non-U.S. employees:                 |     |    147 |
| Total U.S. employees (not including CEO): |     | 22,207 |

As calculated using the methodology required for the 2024 Summary Compensation Table, the annual total compensation of Mr. Jones was $10,265,583 and the annual total compensation of the median employee for the corresponding period was $87,679, which yields a ratio of 117 to 1. Grants of Plan-Based Awards The following table reflects the terms of compensation plan-based awards granted to the NEOs in 2024. 2024 Grants of Plan-Based Awards

| Name               |     | C&HC                 
 Committee   Approval 
 Date                 |     |           |     | Grant   Date |     |           |     | Estimated Future               
 Payouts Under Non-             
 Equity Incentive Plan   Awards 
 ($)                            |     |   |     |        |     |   |     |      |     |   |     | Estimated Future  
 Payouts Under     
 Equity Incentive  
 Plan Awards(1)(2) 
 (#)               |     |   |     |        |     |        |     |      |     |        |     | All            
 Other          
 Stock          
 Awards:        
 Number         
 of             
 Shares         
 of Stock       
 or Units   (#) |     |   |     | All Other           
 Option              
 Awards:             
 Number              
 of                  
 Securities   Under