Company: MTB-PJ
Filing Date: 2025-03-04
Form Type: DEF 14A
Source: 0001193125-25-044781
Chunk: 32

Company: M&T BANK CORP
Filing Date: 2025-03-04
Form: DEF 14A
Chunk 32
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 Their compensation is within the range for employees within the same grade as each person and with the same title or within the same geography as each person. John Todaro and Tyler Barnes each also participate in company benefit plans available to all other employees in similar positions.Subsidiaries of FMR LLC (“Fidelity”) were the beneficial owner of more than 5 percent of our common stock for all or part of 2024. We engage Fidelity Stock Plan Services LLC to provide administration and recordkeeping services for our stock plans, including our equity compensation awards and Employee Stock Purchase Program. These relationships are in the ordinary course, at arms-length and unrelated to Fidelity’s ownership of M&T stock. In 2024, we paid fees of approximately $118,045 to Fidelity Stock Plan Services LLC.35
| PROPOSAL 2 |

ADVISORY, NON-BINDINGVOTE TO APPROVE THE 2024 COMPENSATION OF M&T BANK CORPORATION’S NAMED EXECUTIVE OFFICERS M&T Bank Corporation believes that its 2024 compensation policies and practices are centered on a pay-for-performanceculture and are strongly aligned with the long-term interests of its shareholders, while reducing incentives for unnecessary and excessive risk taking. Our executive compensation programs are described in detail in the sections titled “ Compensation Discussion and Analysis” and “ Executive Compensation” below. SEC rules require that all U.S. public companies provide their shareholders with an advisory vote on the compensation of their named executive officers, commonly known as a “say-on-pay” proposal. SEC rules also require that shareholders have an opportunity at least once every six years to vote, on an advisory basis, on the frequency of such say-on-pay advisory votes. Our shareholders were last presented with such a proposal in 2023 when our Board recommended, and our shareholders approved, continuing to have such say-on-pay advisory votes occur every year. This proposal gives shareholders the opportunity to vote on the overall compensation program of M&T and specifically as it applies to the named executive officers through the following resolution: “RESOLVED, that the 2024 compensation paid to M&T Bank Corporation’s Named Executive Officers, as disclosed pursuant to Item 402 of Regulation S-K,including the Compensation Discussion and Analysis, compensation tables and narrative discussion, is hereby approved.” The shareholder vote on this matter is advisory, meaning that it will serve as a recommendation to the Board and the C&HC Committee, but will not be binding. The C&HC Committee will consider the outcome of this vote when determining future executive