X0306 4 2022-04-01 false 0001378946 People's United Financial, Inc. PBCT 0001250358 RICHARDS MARK W 353 PARK LAUGHTON ROAD EAST DUMMERSTON VT 05346 true false false false Common Stock 2022-04-01 4 D false 259430.00 D 0.00 D Common Stock 2022-04-01 4 D false 67061.00 D 0.00 I Held by M. Richards Irrevocable Trust Common Stock 2022-04-01 4 D false 4768.00 D 0.00 I Held by daughter Series A Nonconvertible Perpetual Preferred Stock 2022-04-01 4 D false 8000.00 D 0.00 I Held by M. Richards Irrevocable Trust 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 Financial, Inc., a Delaware corporation ("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 common stock, including each restricted share award held by non-employee directors, was converted into the right to receive 0.118 of a share of M&T (the "exchange ratio"). Includes 66,356 investment units accrued under the Chittenden Corporation Deferred Compensation Plan (including 569 units accrued due to the deemed reinvestment of dividend equivalents and reflecting settlement of 19,816 investment units by delivery of equal number of shares of common stock on January 21, 2022). Each investment unit corresponds to one share of common stock. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding share of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, of People's United, was converted into the right to receive a share of M&T's Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H. /s/ Kristy Berner, attorney-in-fact 2022-04-01