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

Company: M&T BANK CORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 25
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ler also received an annual equity award in 2024 for their service on an M&T Bank Regional Directors Advisory Council (“DAC”). During 2024, Mr. Cunningham served as Chairman of the DAC of the Hudson Valley Division of M&T Bank; Mr. Geisel served as Chairman of the DAC of the Baltimore-Washington Division of M&T Bank; and Mr. Sadler served as Chairman of the DAC of the Florida Division of M&T Bank. The annual equity award for DAC service is granted under the 2019 Equity Plan and is vested upon grant. The value of each equity award is described in the 2024 Director Compensation Table above. Director Stock Ownership Guidelines Under M&T’s Corporate Governance Standards, each director is expected to own shares of M&T common stock, which includes all beneficially owned shares and unvested restricted stock units, with a value equal to at least five times the amount of the director’s annual cash retainer. Each

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director is expected to meet this ownership guideline by the fifth anniversary of his or her initial election to the Board. Directors who receive no personal compensation for their service are not subject to this guideline. All directors are in compliance with the director stock ownership guidelines (as of February 14, 2025). Stock Ownership Information The tables below set forth direct and indirect ownership of common stock by each of our directors, each of the named executive officers, all directors and executive officers as a group, and by each person who is known to be the beneficial owner of more than 5% of such securities as of February 14, 2025. The tables also show the percentage of total shares outstanding of common stock represented by such ownership as of February 14, 2025. For purposes of these tables, beneficial ownership has been determined in accordance with the provisions of Rule 13d-3of the Securities Exchange Act of 1934 (the “Exchange Act”) where, in general, a person is deemed to be the beneficial owner of a security if such person has or shares the power to vote or to direct the voting of the security or the power to dispose or to direct the disposition of the security, or if such person has the right to acquire the beneficial ownership of the security within 60 days. Directors and Executive Officers Stock Ownership

| Name of Beneficial Owner                                                                |     |         | Number of Shares |     | Percentage of Class |
| John P. Barnes                                                                          |     |  68,346 |               -1 |     | *                   |