Company: MTB-PJ
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-044781
Chunk: 58

Company: M&T BANK CORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 58
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 management at M&T. Active and effective oversight of M&T’s incentive compensation practices is also provided by the C&HC Committee. The C&HC Committee is responsible for maintaining M&T’s Forfeiture Policy and the Recoupment Policy in addition to determining the appropriate pay mix and total compensation for M&T’s NEOs. Additionally, the C&HC Committee is responsible for establishing the appropriate performance measure for performance- based stock unit awards. Reviews of M&T’s compensation

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#### plans and practices by the C&HC Committee and M&T management did not identify any plan that was reasonably likely to have a material adverse impact on the bank or that would incentivize excessive risk-taking.Tax MattersInternal Revenue Code Section 162(m) generally imposes a $1 million cap on the deductibility of compensation paid to certain executive officers of a publicly held corporation during a year. The executive officers to whom Section 162(m) applies for 2024 include M&T’s CEO and CFO, the next three most highly compensated executive officers, and any such “covered employee” for a year after 2016. The C&HC Committee considers tax consequences to M&T as one of many factors when it makes compensation determinations, and will award compensation to NEOs that it determines to be consistent with the goals of our executive compensation program even if such compensation is not deductible for income tax purposes.66
COMPENSATION AND HUMAN CAPITAL COMMITTEE REPORT The Compensation and Human Capital Committee has reviewed and discussed the Compensation Discussion and Analysis required by Item 402(b) of SEC Regulation S-Kwith management. Based on such review and discussions, the Compensation and Human Capital Committee recommended to the Board of Directors that the Compensation Discussion and Analysis be included in this proxy statement. This report was adopted by the Compensation and Human Capital Committee of the Board of Directors on February 14, 2025: William F. Cruger, Jr., Chair Gary N. Geisel Rudina Seseri Herbert L. Washington

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EXECUTIVE COMPENSATION The following table contains information concerning the compensation of M&T’s NEOs in the fiscal years ended December 31, 2024, 2023 and 2022. 2024 Summary Compensation Table

| Name and Principal Position       |     | Yr. |     |      |     | Salary   ($) |     |           |     | Bonus   ($) |     |           |     | Stock           
 Awards(1)   ($) |