Form 4 for MTB M&T Bank

Accepted 2022-04-05 00:00:00 ET · period of report 2022-04-01 · accession 0001209191-22-023380 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2022-04-05	2022-04-01	MTB	BARNES JOHN P	Dir	F - Tax	$19.87	-22.4K	29.5K	-43%	-$445.4K
D	2022-04-05	2022-04-01	MTB	BARNES JOHN P	Dir	A - Grant	—	+51.9K	51.9K	New	—
DMI	2022-04-05	2022-04-01	MTB	BARNES JOHN P	Dir	A - Grant	—	+87.7K	84.8K	New	—
DM	2022-04-05	2022-04-01	MTB	BARNES JOHN P	Dir	A - Grant	—	+412.9K	48.8K	New	—

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-04-01	F	D	22,418	$19.87	29,506	D By ESOP	—	—	(F3) High/Low average of People's United common stock on April 1, 2022. (F4) Shares allocated for the benefit of the reporting person under the People's United Employee Stock Ownership Plan ("ESOP").
2	Common	Common Stock	2022-04-01	A	A	51,924	—	51,924	D By 401(k)	—	—	(F1) 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").
3	Common	Common Stock	2022-04-01	A	A	733	—	733	I By John P. Barnes Living Trust	—	—	(F1) 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").
4	Common	Common Stock	2022-04-01	A	A	1,558	—	1,558	I	—	—	(F1) 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").
5	Common	Common Stock	2022-04-01	A	A	575	—	575	I By Nancy Barnes Living Trust	—	—	(F1) 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").
6	Common	Common Stock	2022-04-01	A	A	84,850	—	84,850	I	—	—	(F1) 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").
7	Derivative	Option (right to buy)	2022-04-01	A	A	52,287	—	52,287	D	$137.42 · — to 2024-07-01	52,287 Common Stock	(F6) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F5) Currently exercisable.
8	Derivative	Option (right to buy)	2022-04-01	A	A	33,260	—	33,260	D	$129.54 · — to 2024-07-01	33,260 Common Stock	(F6) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F5) Currently exercisable.
9	Derivative	Option (right to buy)	2022-04-01	A	A	18,347	—	18,347	D	$177.40 · — to 2024-07-01	18,347 Common Stock	(F6) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F5) Currently exercisable.
10	Derivative	Option (right to buy)	2022-04-01	A	A	43,426	—	43,426	D	$149.39 · — to 2024-07-01	43,426 Common Stock	(F6) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F5) Currently exercisable.
11	Derivative	Option (right to buy)	2022-04-01	A	A	12,508	—	12,508	D	$109.67 · — to 2023-02-21	12,508 Common Stock	(F6) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F5) Currently exercisable.
12	Derivative	Option (right to buy)	2022-04-01	A	A	36,932	—	36,932	D	$162.42 · — to 2024-07-01	36,932 Common Stock	(F6) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F5) Currently exercisable.
13	Derivative	Option (right to buy)	2022-04-01	A	A	56,012	—	56,012	D	$117.82 · — to 2024-02-20	56,012 Common Stock	(F6) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F5) Currently exercisable.
14	Derivative	Option (right to buy)	2022-04-01	A	A	37,470	—	37,470	D	$167.01 · — to 2024-07-01	37,470 Common Stock	(F6) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F5) Currently exercisable.
15	Derivative	Option (right to buy)	2022-04-01	A	A	73,830	—	73,830	D	$125.85 · — to 2024-07-01	73,830 Common Stock	(F6) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F5) Currently exercisable.
16	Derivative	Option (right to buy)	2022-04-01	A	A	48,818	—	48,818	D	$123.44 · — to 2024-07-01	48,818 Common Stock	(F6) Pursuant to the Merger Agreement, at the effective time of the Merger, outstanding and unexercised stock options to acquire People's United common stock were converted into a number of stock options to acquire M&T common stock based on the exchange ratio. The exercise price of such converted options were also adjusted based on the exchange ratio, pursuant to the Merger Agreement. (F5) Currently exercisable.