BARNES JOHN P 4

What Happened
John P. Barnes, a director of M&T Bank Corporation (MTB), was granted 664 restricted stock units (RSUs) on April 30, 2026. The Form 4 reports an acquisition code "A" at $0.00 per unit (total shown $0) because these RSUs are awards, not a cash purchase. The RSUs represent a contingent right to one share of MTB common stock upon vesting.

Key Details

• Transaction date: 2026-04-30; grant of 664 RSUs at $0.00 per unit (reported total $0).
• Vesting: Each RSU vests on the first anniversary of the grant (per footnote) and converts to one share upon vesting.
• Plan: Award made under the M&T Bank Corporation 2019 Equity Incentive Compensation Plan.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Filing: Form 4 filed 2026-05-04 (within required reporting timeframe for this transaction).
• Footnote: Confirms RSUs are contingent rights to receive shares at vesting (may be subject to tax withholding at vesting).

Context
RSU grants to directors are common as compensation for board service and are not the same as an open-market purchase or sale; they do not necessarily signal a personal cash investment. The economic event for the holder typically occurs at vesting when shares are issued (and may be subject to taxes or withholding).