Company: MTB-PJ
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-044781
Chunk: 60

Company: M&T BANK CORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 60
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   |     |  6.50 |   |

| (2) | This column includes the aggregate positive change in actuarial present value of each NEO’s accumulated benefit under the M&T Bank Corporation Pension Plan (“Qualified Pension Plan”) and M&T Bank Corporation Supplemental Pension Plan (“Supplemental Pension Plan”). In accordance with SEC rules, to the extent the aggregate change in present value of all defined benefit plans for a particular fiscal year would have been a negative amount, the amount has instead been reported as $0 and the aggregate compensation for the NEO in the “Total” column has not been adjusted to reflect the negative amount. For Mr. Jones, the amount for 2024 was $(4,878). The assumptions used to calculate the present value of accumulated benefits are the same as those used for Financial Accounting Standards Board Accounting Standards Codification Topic 715, Compensation-Retirement Benefits (“FASB ASC Topic 715”) financial statement disclosure purposes, except that no pre-retirement decrements are assumed. The present value of accrued benefits as of December 31, 2024 is calculated assuming the executive commences his or her accrued benefit earned through December 31, 2024 at normal retirement age. See Note 12 to the Financial Statements of M&T’s 2024 Form 10-K. |

Normal retirement age is age 65 for all participants. It is assumed that the participants will elect the single life annuity form.

| 68 |

| (3) | This column includes information from the following table for each NEO in 2024: |

| Name               |     | Retirement 
 Savings    
 Plan       
 ($)        |     |        |     | Leadership   
 Retirement   
 Savings Plan 
 ($)          |     |        |     | Qualified RAA / 
 DEC Employer    
 Contribution(a) 
 ($)             |     |        |     | Leadership      
 RAA /DEC        
 Employer        
 Contribution(a) 
 ($)             |     |        |     | Term Life 
 Insurance 
 Premiums  
 ($)       |     |       |
| René F. Jones      |     |            |     | 17,250 |     |              |     | 17,250 |     |                 |     | 22,425 |     |                 |     | 22,425 |     |           |     | 7,524 |
| Daryl N. Bible     |     |            |     | 17,250 |     |              |     | 17,250 |     |                 |