Company: MTB-PJ
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-044781
Chunk: 52

Company: M&T BANK CORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 52
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� Participated in the development of a framework for elevating NextGen talent, with an eye toward talent development and delivering on the company’s strategic priorities   •  Focused on talent development and succession, specifically hired top talent for the Office of the Customer and Enterprise Communications to enhance the company’s competitive advantage                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|                               | Risk Management   •  Served in governance roles across the company; focused on managing risk across the business portfolio   •  Made significant investments in first-line risk capabilities in both Retail Banking and Business Banking                                                                                                                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |

| (1) | See “Supplemental Reporting of Non-GAAP Results of Operations” in M&T’s 2024 Form 10-K for a reconciliation of GAAP measures to corresponding non-GAAP measures. |

| 60 |

Christopher E. Kay - Senior Executive Vice President and Head of Enterprise Platforms (continued)

|                           |     | Performance Year 
 2023             |   |           |     | 2024 |   |           |
|:--------------------------|:----|:-----------------|:--|----------:|:----|:-----|:--|----------:|
| Salary                    |     |                  | $ |   725,000 |     |      | $ |   725,000 |
| STI Payout                |     |                  | $ |   950,000 |     |      | $ | 1,225,000 |
| NQ Stock Options          |     |                  | $ |   225,000 |     |      | $ |   170,000 |
| PHSUs(1)                  |     |                  | $ |   525,000 |     |      | $ |   680,000 |
| PVSUs(2)                  |     |                  | $ |   750,000 |     |      | $ |   850,000 |
| LTI Grant                 |     |                  | $ | 1,500,000 |     |      | $ | 1,700,000 |
| Total Direct Compensation |     |                  | $ | 3,175,000 |     |      | $ | 3,650,000 |

(1) Represents grant date fair value. Actual payout dependent upon achievement of performance hurdle. (2) Represents grant date fair value. Actual payout