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Banking

M&T Bank Executive Compensation (FY25)

MTB · Executive and director compensation, fiscal 2022 to 2025
Latest say-on-pay support
=
April 21, 2026
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Data as of October 20, 2026Latest filing (8-K): April 23, 2026
10 filings cited on this page
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311 figures on this page: 305 cited to the filing that reported them, 6 calculated from figures it prints. See the citations

More on M&T Bank

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Say-on-pay support: 94.5% → 93.8% (0.7 points lower)

Frequently asked questions

Answers drawn from the data on this page.
What was M&T Bank's say-on-pay result?
The say-on-pay proposal drew 93.8% of votes cast for or against in favor at the meeting held April 21, 2026 for fiscal 2025.
Which companies are in M&T Bank's peer group?
The disclosed peer group includes Citizens Financial Group, Inc., Comerica Incorporated, Fifth Third Bancorp, First Horizon National Corporation and Huntington Bancshares Incorporated, among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
René Jones
Chairman & Chief Executive Officer
◇◇◇◇——◇◇
Richard Gold
President & Chief Operating Officer
◇◇◇◇——◇◇
Kevin Pearson
Senior Executive Vice President & Vice Chairman—M&T Bank
◇◇◇◇——◇◇
Darren King
Senior Executive Vice President & Chief Financial Officer
◇◇◇◇——◇◇
Christopher Kay
Senior Executive Vice President Head of Consumer Lending & Business Banking
◇◇◇◇——◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
René Jones
Chairman & Chief Executive Officer
◇◇◇◇—◇◇◇
Kevin Pearson
Vice Chairman
◇◇◇◇—◇◇◇
Daryl Bible
Senior Executive Vice President & Chief Financial Officer
◇◇◇———◇◇
Christopher Kay
Senior Executive Vice President & Head of Enterprise Platforms
◇◇◇◇——◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
René F. Jones
Chairman and Chief Executive Officer
◇◇◇◇——◇◇
Kevin J. Pearson
Vice Chairman
◇◇◇◇—◇◇◇
Daryl N. Bible
Senior Executive Vice President and Chief Financial Officer
◇◇◇◇——◇◇
Christopher E. Kay
Senior Executive Vice President & Head of Enterprise Platforms
◇◇◇◇——◇◇
Michael Todaro
Senior Executive Vice President and Chief Risk Officer
◇◇◇◇—◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
René F. Jones
Chairman & Chief Executive Officer
◇◇◇◇—◇◇— not reconciled
Kevin J. Pearson
Vice Chairman
◇◇◇◇—◇◇◇
Daryl N. Bible
Senior Executive Vice President & Chief Financial Officer
◇◇◇◇——◇◇
Christopher E. Kay
Senior Executive Vice President & Head of Enterprise Platforms
◇◇◇◇——◇◇
Peter G. D Arcy
Senior Executive Vice President and Head of Commercial Banking
◇◇◇◇—◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Christopher E. KayPSU◇—◇———◇
Christopher E. KayOPTION◇——◇—◇◇
Christopher E. KayPSU◇—◇—◇—◇
Daryl N. BiblePSU◇—◇—◇—◇
Daryl N. BibleOPTION◇——◇—◇◇
Daryl N. BiblePSU◇—◇———◇
Kevin J. PearsonOPTION◇——◇—◇◇
Kevin J. PearsonPSU◇—◇———◇
Kevin J. PearsonPSU◇—◇—◇—◇
Peter G. D’ArcyOPTION◇——◇—◇◇
Peter G. D’ArcyPSU◇—◇———◇
Peter G. D’ArcyPSU◇—◇—◇—◇
René F. JonesOPTION◇——◇—◇◇
René F. JonesPSU◇—◇—◇—◇
René F. JonesPSU◇—◇———◇
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Ren F. JonesOption◇—◇—
PSU◇◇——
RSU◇◇——
Option◇—◇—
Christopher E. KayOption◇—◇—
PSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Kevin J. PearsonOption◇—◇—
PSU◇◇——
RSU◇◇——
Option◇—◇—
Daryl N. BibleRSU◇◇——
PSU◇◇——
Option◇—◇—
Option◇—◇—
Peter D’ArcyOption◇—◇—
Option◇—◇—
PSU◇◇——
RSU◇◇——
Option◇—◇—
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Christopher E. Kay
Executive Vice President · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Daryl N. Bible
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Kevin J. Pearson
Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Change-in-control base◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert E. Sadler Jr
◇◇————◇
Denis J. Salamone
◇◇————◇
Gary N. Geisel
Lead independent director
◇◇————◇
Leslie V. Godridge
◇◇————◇
William F. Cruger Jr
◇◇————◇
John P. Barnes
◇◇————◇
Carlton J. Charles
◇◇————◇
Melinda R. Rich
◇◇————◇
Herbert L. Washington
◇◇————◇
Kirk W. Walters
◇◇————◇
Richard H. Ledgett Jr
◇◇————◇
Rudina Seseri
◇◇————◇
Jane Chwick
◇◇————◇
T. Jefferson Cunningham III
◇◇————◇
Robert T. Brady
◇—————◇
René F. Jones served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Citizens Financial Group, Inc. CFG
  • Comerica Incorporated CMA
  • Fifth Third Bancorp FITB
  • First Horizon National Corporation FHN
  • Huntington Bancshares Incorporated HBAN
  • KeyCorp KEY
  • PNC Financial Services Group, Inc PNC
  • Regions Financial Corporation RF
  • Truist Financial Corporation TFC
  • U.S. Bancorp USB
  • Zions Bancorporation ZION

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 21, 2026=◇◇◇
2024April 15, 2025=◇◇◇
2023April 16, 2024=◇◇◇
2022April 18, 2023=◇◇◇
2021April 25, 2022=◇◇◇
2019April 21, 2020=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- René F. Jones (Chairman & Chief Executive Officer), FY2025 total compensation $12,015,250 (base salary $1,100,000) [exec_comp, SEC accession 0001193125-26-099298, filed 2026-03-10]

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What this page does not include

Everything above is a fact M&T Bank disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where M&T Bank sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
311 figures on this page: 305 cited to the filing that reported them, 6 calculated from figures it prints.
305 cited to the filing
6 calculated from the filing

Documents cited

  1. 0000036270-26-000027
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-099298
    2025 Summary Compensation Table · Compensation Discussion and Analysis · Director Compensation · Grants of Plan-Based Awards · and 1 more section
  3. 0000036270-25-000005
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-25-044781
    2024 Summary Compensation Table
  5. 0001193125-24-100836
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-058283
    2023 Summary Compensation Table
  7. 0001193125-23-108334
  8. 0001193125-23-062138
    2022 Summary Compensation Table
  9. 0001193125-22-133585
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001564590-20-018030
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “M&T Bank executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MTB (accessed 2026).
Short form: data: Velarion

The paid brief for M&T Bank

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
10 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers M&T Bank discloses

The companies named in MTB's own disclosed peer group.

Citizens Financial Group, Inc.Comerica IncorporatedFifth Third BancorpFirst Horizon National CorporationHuntington Bancshares IncorporatedKeyCorpPNC Financial Services Group, IncRegions Financial CorporationTruist Financial CorporationU.S. BancorpZions Bancorporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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