Form 4: Metropolitan Bank Holding Corp. CEO Mark DeFazio Reports Changes in Beneficial Ownership

Mark DeFazio, President and CEO of Metropolitan Bank Holding Corp., reports acquisition of shares and withholding of shares for tax obligations.

Summary

• On March 1, 2025, Mark DeFazio, the President and CEO of Metropolitan Bank Holding Corp., reported changes in his beneficial ownership of the company's stock.
• He acquired 9,453 shares of common stock at $0, and 17,893 shares were withheld by Metropolitan Bank Holding Corp. for tax obligations at a price of $60.43.
• Following these transactions, DeFazio directly owns 115,716 shares of common stock and indirectly owns 20,517 shares through an LLC and 3,521.119 shares through a 401(k).
• The reported transactions also relate to the vesting of restricted stock units granted in previous years.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
• Tax withholding on share grants is a standard practice in executive compensation.
• Similar filings are regularly made by executives at comparable financial institutions like Bank of America, JP Morgan Chase, and Citigroup.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.
• The transactions have a minor impact on the overall share structure of the company.

Key Dates