M&T Bank (MTB) director amends Form 4 to show 13,130 merger shares

Rhea-AI Filing Summary

M&T Bank Corporation director filed an amended insider trading report to correct the number of shares received in M&T’s acquisition of People’s United Financial. On April 1, 2022, the director acquired 13,130 shares of M&T common stock, which are now shown as directly owned.

The shares were issued in exchange for People’s United Financial stock under the merger completed on April 1, 2022. Each People’s United common share was converted into the right to receive 0.118 of a share of M&T common stock, and the original filing understated the shares due to a clerical error.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

WALTERS KIRK W

(Last) (First) (Middle)

ONE M&T PLAZA

(Street)

BUFFALO NY 14203

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
M&T BANK CORP [ MTB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)
04/05/2022

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2022		A(1)		13,130	A(1)	(2)	13,130	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This amendment is being filed to report the correct number of shares of M&T Bank Corporation common stock the reporting person received in exchange for the shares of People's United Financial, Inc. they owned on April 1, 2022. The initial number of shares was understated due to a clerical error.

2. Shares received in exchange for shares of People's United Financial, Inc. ("People's United"). On April 1, 2022, pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), Bridge Merger Corp. ("Merger Sub"), a direct, wholly owned subsidiary of M&T Bank Corporation ("M&T"), merged with and into People's United with People's United as the surviving entity (the "Merger") and People's United then merged with and into M&T, with M&T as the surviving entity. Pursuant to the Merger Agreement, each issued and outstanding share of People's United's common stock was converted into the right to receive 0.118 of a share of M&T the ("exchange ratio").

Remarks:

	By: Stephen T. Wilson (Attorney-In-Fact)	02/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did M&T Bank (MTB) report in this amended Form 4/A?

The filing reports a director acquiring 13,130 shares of M&T Bank common stock on April 1, 2022. These shares were received in exchange for People’s United Financial stock as part of the completed merger that used a stock-for-stock conversion.

Why did the M&T Bank (MTB) director need to amend the original Form 4 filing?

The amendment corrects the number of M&T shares the director received in the merger. The company states the initial number was understated because of a clerical error, and this filing updates the holdings to reflect the accurate share count.

How many M&T Bank (MTB) shares does the director report owning after the transaction?

Following the reported transaction, the director reports beneficial ownership of 13,130 M&T common shares. These shares are listed as held in direct ownership form, reflecting the corrected amount received through the People’s United Financial merger exchange.

What was the share exchange ratio in the M&T Bank (MTB) and People’s United merger?

Under the merger agreement, each issued and outstanding share of People’s United Financial common stock was converted into the right to receive 0.118 of a share of M&T Bank common stock. This fixed exchange ratio determined the number of M&T shares issued.

What corporate transaction led to the director’s new M&T Bank (MTB) shareholdings?

The shareholdings arose from the merger of People’s United Financial into M&T Bank completed on April 1, 2022. A merger subsidiary first combined with People’s United, which then merged into M&T, with M&T Bank Corporation as the surviving entity.

What role does the reporting person hold at M&T Bank (MTB)?

The reporting person is identified as a director of M&T Bank Corporation. The Form 4/A indicates the filing is made by one reporting person, and the reported 13,130 M&T common shares are shown as directly owned following the corrected transaction entry.