M&T BANK CORPORATIONPerformance Share Unit Award Agreement • February 21st, 2024 • M&t Bank Corp • State commercial banks • New York
M&T Bank Corporation (the “Company”) hereby grants to the Grantee this Performance Share Unit Award. This grant is made pursuant to the M&T Bank Corporation 2019 Equity Incentive Compensation Plan (the “Plan”) and is subject to the terms and conditions of the Plan and this Agreement. As used herein, the term “Agreement” shall mean, collectively, this cover page with the Performance Goals attached as Exhibit A, the related Terms and Conditions of Performance Share Unit Award delivered to the Grantee with this cover page (the “Terms and Conditions”), and, as applicable, any clawback policy adopted by the Board from time to time, including the Policy for Alignment of Incentive Compensation with Risk and the M&T Bank Corporation Executive Compensation Recoupment Policy, each as may be amended from time to time (the “Forfeiture Policies”). As used herein, the term “vest” shall mean the satisfaction of the Performance Goals and other conditions described herein and in the Plan with respect t
