Mark R. DeFazio - 25 Feb 2025 Form 4 Insider Report for Metropolitan Bank Holding Corp. (MCB)

Signature
/s/ Frederik Erikson, Attorney-in-Fact
Issuer symbol
MCB
Transactions as of
25 Feb 2025
Net transactions value
-$285,583
Form type
4
Filing time
03 Jun 2025, 17:00:02 UTC
Previous filing
24 Jul 2024
Next filing
04 Mar 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
DeFazio Mark R President and CEO, Director 99 PARK AVENUE, NEW YORK /s/ Frederik Erikson, Attorney-in-Fact 03 Jun 2025 0001720742

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCB Common Stock Award $0 +24,420 +24% $0.000000 125,048 25 Feb 2025 Direct F1, F2, F3, F4, F5
transaction MCB Common Stock Tax liability $285,583 -4,416 -3.5% $64.67 120,632 02 Jun 2025 Direct F3, F4, F5, F6, F7
holding MCB Common Stock 17,184 25 Feb 2025 By LLC
holding MCB Common Stock 3,528 25 Feb 2025 By 401(k)
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction is being reported late due to an inadvertent administrative oversight. Form 4s filed by the Reporting Person after February 25, 2025 underreported the number of shares beneficially owned by the Reporting Person. The amount in Column 5 of this Form 4 reflects the number of shares beneficially owned by the Reporting Person as of the date of this report after giving effect to this reported transaction.
F2 On May 30, 2024, the Reporting Person was granted 48,840 restricted stock units which were to vest, if at all, subject to the satisfaction of certain performance criteria for the fiscal year ended December 31, 2024. On February 25, 2025, the Compensation Committee of the Issuer determined that such performance criteria were partially met, resulting in the Reporting Person earning 24,420 restricted stock units, which vested 1/3 on June 1, 2025. The remaining restricted stock units of this award will vest 1/3 on each of February 28, 2026 and 2027.
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 Includes restricted stock units granted on March 1, 2024 that vest at a rate of 33.3% per year commencing on March 1, 2025.
F5 Includes restricted stock units granted on March 1, 2025 that vest at a rate of 33.3% per year commencing on March 1, 2026.
F6 Upon delivery to the Reporting Person of certain shares of common stock that were previously disclosed as having been granted, 4,416 shares were withheld by Metropolitan Bank Holding Corp. in respect of tax withholding obligations.
F7 Includes restricted stock units granted on May 30, 2024, subject to certain performance criteria, that vest at a rate of 33.3% per year commencing on June 1, 2025. The remaining restricted stock units of this award will vest 1/3 on each of February 28, 2026 and 2027.