Form 4: Metropolitan Bank Holding Corp. EVP and CFO Daniel F. Dougherty Acquires 1,000 Shares
SEC Form 4 Filing
Daniel F. Dougherty, EVP and CFO of Metropolitan Bank Holding Corp., purchased 1,000 shares of common stock at a price of $39.2987 per share on June 11, 2024.
Summary
- On June 11, 2024, Daniel F. Dougherty, the EVP and CFO of Metropolitan Bank Holding Corp., acquired 1,000 shares of common stock.
- The purchase price was $39.2987 per share.
- Following the transaction, Dougherty directly owns 21,025 shares of common stock, which includes restricted stock units vesting annually.
- Dougherty also indirectly owns 407.915 shares through a 401(k) plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The purchase of shares by an executive is generally viewed as a positive sign, but it's a relatively small transaction.
Positives
- The purchase of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider trading activity is closely monitored as it can provide insights into the company's performance and future prospects. Purchases by executives are often seen as a positive sign.
Stakeholder Impact
- The purchase may have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Restricted stock units granted, vesting at a rate of 33.3% per year commencing on March 1, 2024. |
| 03/01/2024 | Restricted stock units granted, vesting at a rate of 33.3% per year commencing on March 1, 2025. |
| 06/11/2024 | Date of transaction: Daniel F. Dougherty purchased 1,000 shares of common stock. |
| 06/12/2024 | Date of signature on the Form 4 filing. |
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