Scott Lublin - 29 Feb 2024 Form 4 Insider Report for Metropolitan Bank Holding Corp. (MCB)

Role
EVP and CLO
Signature
/s/ Frederik Erikson, pursuant to power of attorney
Issuer symbol
MCB
Transactions as of
29 Feb 2024
Net transactions value
-$664,629
Form type
4
Filing time
04 Mar 2024, 21:37:23 UTC
Previous filing
03 Mar 2023
Next filing
25 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCB Common Stock Award $0 +10,000 +19% $0.000000 63,374 29 Feb 2024 Direct F1, F2, F3
transaction MCB Common Stock Tax liability $549,641 -13,465 -21% $40.82 49,909 29 Feb 2024 Direct F2, F3, F4, F5
transaction MCB Common Stock Award $0 +11,199 +22% $0.000000 61,108 01 Mar 2024 Direct F2, F3, F6
transaction MCB Common Stock Tax liability $114,988 -3,026 -5% $38.00 58,082 01 Mar 2024 Direct F2, F3, F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 3, 2021, the Reporting Person was granted 30,000 restricted stock units (the "2021 RSUs") which were to vest, if at all, subject to the satisfaction of certain performance criteria. The performance criteria for the fiscal year ended December 31, 2023 (the third and final tranche of the 2021 RSUs) were met, resulting in the vesting of 10,000 restricted stock units.
F2 Includes restricted stock units granted on February 24, 2022 that vest at a rate of 33.3% per year commencing on March 1, 2023.
F3 Includes restricted stock units granted on March 1, 2023 that vest at a rate of 33.3% per year commencing on March 1, 2024.
F4 These shares of common stock were not sold in an open-market transaction.
F5 Upon delivery of the shares of Metropolitan Bank Holding Corp. (the "Company") common stock underlying the 2021 RSUs to the Reporting Person, 13,465 shares were withheld by the Company to pay tax withholding obligations.
F6 Restricted stock units granted on March 1, 2024 that vest at a rate of 33.3% per year commencing on March 1, 2025.
F7 Upon delivery to the Reporting Person of certain shares of common stock that were previously disclosed as having been granted, 3,026 shares were withheld by the Company in respect of tax withholding obligations.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney