Nick Rosenberg - 11 Nov 2024 Form 4 Insider Report for Metropolitan Bank Holding Corp. (MCB)

Role
Executive Vice President
Signature
/s/ Frederik Erikson, pursuant to power of attorney
Issuer symbol
MCB
Transactions as of
11 Nov 2024
Net transactions value
-$81,461
Form type
4
Filing time
13 Nov 2024, 16:48:48 UTC
Previous filing
08 Oct 2024
Next filing
04 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCB Common Stock Sale $81,461 -1,250 -4% $65.17 30,193 11 Nov 2024 Direct F1, F2, F3, F4, F5
holding MCB Common Stock 250 11 Nov 2024 By Child 1
holding MCB Common Stock 250 11 Nov 2024 By Child 2
holding MCB Common Stock 20 11 Nov 2024 By Child 3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sale effected pursuant to a Rule 10b5-1 trading arrangement adopted by the Reporting Person on June 6, 2024.
F2 The $65.1688 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.0000 to $65.6200, inclusive. The Reporting Person undertakes to provide to Metropolitan Bank Holding Corp., any security holder of Metropolitan Bank Holding Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Footnote 2.
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, 2024 that vest at a rate of 33.3% per year commencing on March 1, 2025.