Company: MTB-PJ
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-044781
Chunk: 61

Company: M&T BANK CORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 61
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   |     |             |     | X |     |         |     | X |     |       |     | X |     |           |     |   |
| Christopher E. Kay |     |            |     | X |     |             |     | X |     |         |     | X |     |       |     | X |     |           |     |   |
| Michael Todaro     |     |            |     | X |     |             |     | X |     |         |     | X |     |       |     | X |     |           |     |   |

| (a) | In addition to these perquisites, Mr. Jones’ perquisites included use of a corporate apartment in an amount of $32,902. Mr. Jones’ club membership dues and expenses totaled $25,044 in 2024. No other perquisites provided in 2024 to the NEOs exceeded the greater of $25,000 or 10% of the total perquisites provided to each NEO. |

| (5) | Mr. Bible first became an NEO in the proxy statement filed on March 5, 2024, and therefore only his compensation for 2023 and 2024 is reported. Included in Mr. Bible’s bonus for 2024 is his cash bonus of $500,000 he received at the time of hire in June 2023, which was forfeitable by Mr. Bible should he separate from M&T within one year, and therefore is reported in his 2024 compensation in this Summary Compensation Table in accordance with SEC rules. |

| (6) | Mr. Todaro was not an NEO prior to this proxy statement, and therefore only his compensation for 2024 is reported. |

CEO Pay Ratio In accordance with the final rule issued under section 953(b) of the Dodd-Frank Act, companies, including M&T, are required to disclose the ratio of the total annual compensation of their CEO to that of their median employee. The SEC rules require disclosure of (i) the median of the annual total compensation of all employees of M&T, except the CEO; (ii) the annual total compensation of the CEO; and (iii) the ratio of the amount of annual total compensation of the CEO to the amount of the median annual total compensation of all employees of M&T. Because the SEC rules do not mandate a particular approach to determining the median employee, M&T has employed the following approach: As allowed under section 953(b