Company: MTB-PJ
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-044781
Chunk: 27

Company: M&T BANK CORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 27
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claims beneficial ownership of such shares except to the extent of his pecuniary interest therein. |

| (8) | Includes 15,200 shares held in a grantor retained annuity trust of which Mr. Salamone is the trustee. Mr. Salamone disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. |

| (9) | Includes 500 shares owned by a close relative of Mr. Washington. |

| (10) | Includes 4,330 shares held in a spousal lifetime access trust of which Mr. Pearson is co-trustee of the trust. Mr. Pearson disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. |

The following table sets forth certain information with respect to all persons or groups known by M&T to be the beneficial owners of more than 5% of its outstanding common stock as of February 14, 2025, except to the extent indicated otherwise in the footnotes below. Beneficial Owners Holding More Than 5% of M&T Bank Corporation’s Common Stock

| Name and Address of Beneficial Owner |     |                                      |     | Amount and Nature of  Beneficial Ownership |     | Percentage  of Class(1) |
| The Vanguard Group, Inc.             |     | 100 Vanguard Blvd. Malvern, PA 19355 |     | 19,433,884(2)                              |     | 11.83%                  |
| FMR LLC                              |     | 245 Summer Street Boston, MA 02210   |     | 14,071,757(3)                              |     | 8.56%                   |
| BlackRock, Inc.                      |     | 50 Hudson Yards New York, NY 10001   |     | 13,109,596(4)                              |     | 7.98%                   |
| State Street Corporation             |     | One Lincoln Street Boston, MA 02111  |     | 9,151,943(5)                               |     | 5.57%                   |

| (1) | Percentage based on the number of shares of M&T common stock outstanding as of the close of business on February 14, 2025, which was 164,333,454 shares. |

| (2) | Information based on The Vanguard Group, Inc.’s most recently filed amended Schedule 13G, which The Vanguard Group Inc. (“