Mark R. DeFazio - Jul 12, 2023 Form 4 Insider Report for Metropolitan Bank Holding Corp. (MCB)

Role
President and CEO, Director
Signature
/s/ Mark DeFazio
Stock symbol
MCB
Transactions as of
Jul 12, 2023
Transactions value $
-$1,834,111
Form type
4
Date filed
7/14/2023, 04:50 PM
Previous filing
Mar 13, 2023
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCB Common Stock Options Exercise $3.96M +220K +170% $18.00 350K Jul 12, 2023 Direct F1, F2, F3, F4, F5
transaction MCB Common Stock Tax liability -$5.8M -149K -42.47% $39.03 201K Jul 12, 2023 Direct F1, F6
holding MCB Common Stock 20.5K Jul 12, 2023 By LLC
holding MCB Common Stock 3.1K Jul 12, 2023 By 401(k)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MCB Employee Stock Options (right to buy) Options Exercise $0 -46.2K -100% $0.00* 0 Jul 12, 2023 Common Stock 46.2K $18.00 Direct F7
transaction MCB Employee Stock Options (right to buy) Options Exercise $0 -74K -100% $0.00* 0 Jul 12, 2023 Common Stock 74K $18.00 Direct F7
transaction MCB Employee Stock Options (right to buy) Options Exercise $0 -30K -100% $0.00* 0 Jul 12, 2023 Common Stock 30K $18.00 Direct F7
transaction MCB Employee Stock Options (right to buy) Options Exercise $0 -70K -100% $0.00* 0 Jul 12, 2023 Common Stock 70K $18.00 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares of Metropolitan Bank Holding Corp. (the "Company") common stock ("Common Stock") acquired by the Reporting Person through the cashless exercise of options to acquire 220,200 shares of Common Stock, pursuant to which 148,545 shares of Common Stock were withheld by the Company on the date of the exercise to pay the exercise price and tax withholding obligations, resulting in 71,655 shares of Common Stock being issued to the Reporting Person on a net basis.
F2 Includes restricted stock units granted on February 24, 2021 that vest at a rate of 33.3% per year commencing on March 1, 2022.
F3 Includes restricted stock units granted on February 23, 2022 that vest at a rate of 33.3% per year commencing on March 1, 2023.
F4 Includes restricted stock units granted on March 1, 2023 that vest at a rate of 33.3% per year commencing on March 1, 2024.
F5 Includes restricted stock units granted on March 1, 2023 that vest 100% on March 1, 2024.
F6 These shares of Common Stock were not sold in an open-market transaction.
F7 Fully vested and exercisable.