Form 4: Metropolitan Bank Director Relinquishes Sibling Share Control

Metropolitan Bank Holding Corp. Director Robert C. Patent relinquished power of attorney over 32,882 shares of common stock held by a sibling, disclaiming beneficial ownership.

Summary

• Robert C. Patent, a Director of Metropolitan Bank Holding Corp. (MCB), filed a Form 4 regarding changes in beneficial ownership.
• On September 18, 2025, Patent relinquished a power of attorney previously maintained over 32,882 shares of common stock owned by a sibling.
• Patent explicitly disclaims any current or prior beneficial ownership of these 32,882 shares.
• Following this transaction, Patent directly beneficially owns 98,685 shares of common stock, which includes restricted stock units that will vest 100% on January 27, 2026.
• Patent indirectly beneficially owns an additional 14,445 shares of common stock through a Profit Sharing Plan.

Sentiment

Score: 5

Explanation: Neutral. The filing reports a change in the nature of beneficial ownership (relinquishment of power of attorney) rather than a direct acquisition or disposition of shares by the insider, which is a routine compliance disclosure.

Future Outlook

NA

Industry Context

This filing reports an individual insider transaction and does not directly relate to broader industry trends or competitive landscape analysis.

Related Party Transactions

• Relinquishment of a power of attorney over 32,882 shares of common stock held by the reporting person's sibling, a related party.

Stakeholder Impact

• Minimal direct impact on shareholders as it concerns a change in control over a specific block of shares by a director, not a sale or purchase by the director themselves. The director's direct and indirect beneficial ownership remains substantial.

Key Dates

Keywords

Metropolitan Bank Holding Corp., MCB, Robert C. Patent, Form 4, Insider Transaction, Beneficial Ownership, Director, Share Control, Power of Attorney