Form 4: Metropolitan Bank Holding Corp. EVP and COO Dixiana M. Berrios Reports Stock Transactions
SEC Form 4 Filing
Dixiana M. Berrios, EVP and COO of Metropolitan Bank Holding Corp., reports the acquisition of shares through restricted stock units and the withholding of shares for tax obligations.
Summary
- On March 1, 2024, Dixiana M. Berrios, EVP and COO of Metropolitan Bank Holding Corp., acquired 6,856 shares of common stock through restricted stock units at a price of $0.00.
- On the same day, 1,452 shares were withheld by Metropolitan Bank Holding Corp. to cover tax obligations related to the delivery of previously granted shares, at a price of $38.
- Following these transactions, Berrios directly owns 16,959 shares of Metropolitan Bank Holding Corp. common stock.
- Berrios has granted a Power of Attorney to Mark R. DeFazio, Michael A. Guarino, Scott Lublin, Daniel Dougherty, David Bonnar, and Frederik Erikson to handle SEC filings on her behalf.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The acquisition of shares through restricted stock units suggests confidence in the company's future performance.
Negatives
- The withholding of shares for tax obligations reduces the net increase in Berrios's holdings.
Risks
- The document does not explicitly mention any risks.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The transactions may have a minor positive impact on shareholder sentiment due to the insider's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 01/23/2024 | Date of Power of Attorney granted by Dixiana M. Berrios. |
| 02/24/2021 | Date of restricted stock units granted that vest at a rate of 33.3% per year commencing on March 1, 2022. |
| 02/23/2022 | Date of restricted stock units granted that vest at a rate of 33.3% per year commencing on March 1, 2023. |
| 03/01/2023 | Date of restricted stock units granted that vest at a rate of 33.3% per year commencing on March 1, 2024. |
| 03/01/2024 | Date of transaction: acquisition of shares and withholding for taxes. |
| 03/01/2024 | Date of restricted stock units granted that vest at a rate of 33.3% per year commencing on March 1, 2025. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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