From tmux(1) - STATUS LINE:
Symbol Meaning
<...snip...>
M The window contains the marked pane.
<...snip...>
From tmux(1) - DEFAULT KEY BINDINGS:
The default command key bindings are:
<...snip...>
m Mark the current pane (see select-pane -m).
<...snip...>
So that means you've pressed C-b m (or equivalent in your environment) to mark that pane.
Marking a pane is useful for certain pane operations; from the section on select-pane:
The marked pane is the default target for -s to join-pane, swap-pane
and swap-window.
To clear the mark, press C-b M. If you have M mapped to something else already, you can also use C-b : (to enter the tmux command prompt), followed by select-pane -M to clear the mark.