PEARSON KEVIN J 4

What Happened
Kevin J. Pearson, Vice Chairman of M&T Bank Corporation (MTB), sold 2,000 shares in an open-market transaction on June 4, 2026. The shares were sold at $220.00 each for proceeds of $440,000. This was a sale (routine disposition) rather than a purchase.

Key Details

• Transaction date and price: 2026-06-04 — 2,000 shares sold at $220.00 per share (total $440,000).
• Method: Open-market sale (reported as "S").
• Plan/automation: Sale occurred automatically under a Rule 10b5-1 trading plan adopted March 5, 2026 (Footnote F1).
• Holdings reported as of March 31, 2026 (Footnote F2).
• Phantom units: Filing notes the reporting person holds phantom common stock units in the M&T Leadership Retirement Savings Plan (payable in cash and including dividend reinvestment units) — these are described in Footnote F3 and are not necessarily the shares sold.
• Shares owned after transaction: Not specified in this Form 4.
• Filing timeliness: Form 4 was filed on June 8, 2026, which is within the SEC’s two-business-day reporting window for a June 4 transaction (timely).

Context
The sale was executed under a pre-established 10b5-1 plan, which typically means trades were scheduled in advance and are generally considered routine rather than a direct expression of near-term sentiment. For retail investors, purchases are often more informative than routine sales; this filing documents an automated sale of existing holdings rather than an acquisition or option exercise.