Form 4: Metropolitan Bank Director Gifts Shares, Updates Beneficial Ownership
Insider Transaction Report
Robert C. Patent, a Director at Metropolitan Bank Holding Corp., reported gifting 450 shares of common stock to an educational institution, updating his beneficial ownership.
Summary
- Robert C. Patent, a Director of Metropolitan Bank Holding Corp. (MCB), filed a Form 4 detailing changes in his beneficial ownership.
- On June 3, 2025, Mr. Patent disposed of 450 shares of common stock as a gift to an educational institution.
- Following this transaction, Mr. Patent directly owns 81,183 shares of common stock, which includes restricted stock units that are scheduled to vest 100% on January 27, 2026.
- He also indirectly beneficially owns 69,004 shares through a partnership and 14,445 shares through a profit sharing plan.
- Additionally, 3,380 shares are held by a sibling, over which Mr. Patent maintains a power of attorney for voting purposes; however, he explicitly disclaims beneficial ownership of these specific shares.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction (a gift of shares) which is generally neutral in terms of company performance or outlook, reflecting a personal decision by the director.
Positives
- The transaction represents a philanthropic act by a company director.
Negatives
- A reduction in the director's direct shareholding, although it was a gift and not a sale for cash.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- The reporting person maintains a power of attorney over 3,380 shares held by a sibling, including voting power, though beneficial ownership of these shares is disclaimed.
Stakeholder Impact
- Minimal direct impact on shareholders, employees, customers, suppliers, or creditors as this is a personal transaction by a director and not indicative of operational or financial changes.
Key Dates
| Date | Description |
|---|---|
| 06/03/2025 | Date of transaction where 450 shares were gifted by the reporting person. |
| 06/04/2025 | Date the Form 4 was signed by the attorney-in-fact. |
| 01/27/2026 | Date when restricted stock units included in the direct ownership will vest 100%. |
Keywords
Metropolitan Bank Holding Corp., MCB, Form 4, Insider Transaction, Director Shareholding, Stock Gift, Beneficial Ownership, Robert C. Patent
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