Form 4: Metropolitan Bank Holding Corp. Director Robert C. Patent Sells 1,000 Shares

Robert C. Patent, a director of Metropolitan Bank Holding Corp., sold 1,000 shares of common stock at a weighted average price of $55.3223 on October 29, 2024.

Summary

• On October 29, 2024, Robert C. Patent, a director of Metropolitan Bank Holding Corp., sold 1,000 shares of the company's common stock.
• The sale was executed at a weighted average price of $55.3223 per share, with individual transaction prices ranging from $55.0911 to $55.348.
• Following the transaction, Mr. Patent continues to hold a significant number of shares both directly and indirectly, including shares held by his spouse, through a partnership, a profit-sharing plan, and by a sibling.
• Mr. Patent also indirectly owns restricted stock units that vest on January 24, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways depending on the context.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. It is difficult to assess the impact of this sale without knowing the director's overall holdings and investment strategy.

Stakeholder Impact

• The sale of shares by a director could potentially influence investor sentiment, although the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates