Form 4: Metropolitan Bank Holding Corp. CEO Mark DeFazio Sells Shares
SEC Form 4
Mark R DeFazio, President and CEO of Metropolitan Bank Holding Corp., sold shares of common stock on March 17, 2025.
Summary
- On March 17, 2025, Mark R DeFazio, the President and CEO of Metropolitan Bank Holding Corp., sold 15,088 shares of common stock at a weighted average price of $54.7795 per share.
- He also sold 3,333 shares at a weighted average price of $54.7795.
- Following these transactions, DeFazio directly owns 100,628 shares and indirectly owns 17,184 shares through an LLC and a 401(k).
- The 100,628 shares includes restricted stock units that vest annually starting March 1, 2024, March 1, 2025 and March 1, 2026.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock sales by an executive. The sale itself doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. The sale itself doesn't necessarily indicate a negative outlook for the company, as executives may sell shares for various personal financial reasons.
Stakeholder Impact
- The stock sale could have a minor impact on shareholder sentiment, depending on how the market interprets the transaction.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Restricted stock units granted that vest at a rate of 33.3% per year commencing on March 1, 2024. |
| 03/01/2024 | Restricted stock units granted that vest at a rate of 33.3% per year commencing on March 1, 2025. |
| 03/01/2025 | Restricted stock units granted that vest at a rate of 33.3% per year commencing on March 1, 2026. |
| 03/17/2025 | Date of stock sale transactions. |
| 03/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Sale, Mark DeFazio, Metropolitan Bank Holding Corp, MCB
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