Company: MTB-PJ
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-044781
Chunk: 26

Company: M&T BANK CORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 26
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1) | Includes 32,866 shares held by the John P. Barnes Living Trust. |

| (2) | Includes 8,000 shares held by a charitable remainder annuity trust of which Mr. Brady and his spouse are co-trustees and of which Mr. Brady’s spouse is the current annuity beneficiary for the lesser of her life or 21 years. |

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| (3) | Includes 11,642 shares held through client accounts at Magnolia Capital Management, Ltd., a registered investment advisory firm of which Mr. Cunningham is the Chairman and Chief Executive Officer, and over which shares he has dispositive and voting powers. Mr. Cunningham has no pecuniary interest in such shares. |

| (4) | Includes shares subject to options granted under M&T’s incentive compensation plans, all of which are currently exercisable or are exercisable within 60 days after February 14, 2025: Mr. Jones – 144,022 shares; Mr. Bible – 2,485 shares; Mr. Kay – 11,513 shares; Mr. Pearson – 77,300 shares; Mr. Todaro – 17,625; and all directors and executive officers as a group – 284,855 shares. Out-of-the-money options are included in the shares presented as beneficially owned to the extent they are currently exercisable or exercisable within 60 days after February 14, 2025. |

| (5) | Includes 1,734.3 shares held indirectly as custodian for Mr. Jones’ children. |

| (6) | Includes shares through participation in the M&T Bank Corporation Retirement Savings Plan: Mr. Jones – 5,898 shares; Mr. Walters – 9 shares; Mr. Pearson – 3,392 shares; and all directors and executive officers as a group – 9,299 shares. Such individuals retain voting and investment power over their respective shares in the M&T Bank Corporation Retirement Savings Plan. |

| (7) | Includes 19,398 shares owned by the Sadler Family Foundation, a charitable foundation formed by Mr. Sadler. Mr. Sadler is a trustee of the Sadler Family Foundation and holds voting and dispositive power over the shares owned by it. Also includes 29,770 shares owned by a close relative of Mr. Sadler and 31,295 shares held in a grantor retained annuity trust of which Mr. Sadler is the trustee. Mr. Sadler dis