Mark R. DeFazio - Feb 28, 2023 Form 4 Insider Report for Metropolitan Bank Holding Corp. (MCB)

Role: President and CEO, Director
Signature: /s/ Jeffrey Cass, pursuant to power of attorney
Stock symbol: MCB
Transactions as of: Feb 28, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/1/2023, 04:29 PM
Previous filing: Feb 24, 2023
Next filing: Mar 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MCB	Common Stock	Award	$0	+19.2K	+22.28%	$0.00	105K	Feb 28, 2023	Direct	F1, F2, F6
transaction	MCB	Common Stock	Award	$0	+8.93K	+8.47%	$0.00	114K	Mar 1, 2023	Direct	F1, F2, F3
transaction	MCB	Common Stock	Award	$0	+17.9K	+15.63%	$0.00	132K	Mar 1, 2023	Direct	F1, F2, F4
holding	MCB	Common Stock						3.1K	Feb 28, 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
holding	MCB	Stock Options						46.2K	Feb 28, 2023	Common Stock	46.2K	$18.00	Direct	F5
holding	MCB	Stock Options						74K	Feb 28, 2023	Common Stock	74K	$18.00	Direct	F5
holding	MCB	Stock Options						30K	Feb 28, 2023	Common Stock	30K	$18.00	Direct	F5
holding	MCB	Stock Options						70K	Feb 28, 2023	Common Stock	70K	$18.00	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes restricted stock units granted on February 24, 2021 that vest at a rate of 33.3% per year commencing on March 1, 2022.
F2	Includes restricted stock units granted on February 23, 2022 that vest at a rate of 33.3% per year commencing on March 1, 2023.
F3	Restricted stock units granted on March 1, 2023 that vest at a rate of 33.3% per year commencing on March 1, 2024.
F4	Restricted stock units granted on March 1, 2023 that vest 100% on March 1, 2024.
F5	Fully vested and exercisable.
F6	On May 3, 2021, and as subsequently amended, the reporting person was granted 39,200 restricted stock units which vests at a rate of 20,000 on February 28, 2022 and 19,200 on February 28, 2023, subject to the satisfaction of certain performance criteria. The performance criteria for the fiscal year ended December 31, 2022 were met, resulting in the vesting of 19,200 restricted stock units.