Form 4: Metropolitan Bank Holding Corp. Executive Reports Stock Transactions and Power of Attorney
SEC Form 4 Filing
Nick Rosenberg, EVP at Metropolitan Bank Holding Corp., reports acquisition and disposal of common stock and grants power of attorney for SEC filings.
Summary
- Nick Rosenberg, an Executive Vice President at Metropolitan Bank Holding Corp., filed a Form 4 detailing changes in beneficial ownership of the company's stock on March 5, 2024.
- On March 1, 2024, Rosenberg acquired 7,792 shares of common stock at $0.00 and disposed of 5,175 shares at $38 due to tax withholding obligations.
- Following these transactions, Rosenberg directly owns 32,693 shares of common stock.
- Rosenberg also indirectly owns 250 shares through Child 1, 250 shares through Child 2, and 20 shares through Child 3.
- Rosenberg granted a Power of Attorney on January 25, 2024, authorizing Dixiana M. Berrios, Frederik Erikson, Scott Lublin, Daniel Dougherty, and David Bonnar to prepare and file SEC forms on his behalf.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, indicating neutral sentiment. It reports stock transactions and a power of attorney grant, which are routine activities.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It reflects standard practices for executives at publicly traded companies.
Stakeholder Impact
- Shareholders are informed about the stock transactions of a key executive, providing transparency into insider activity.
Key Dates
| Date | Description |
|---|---|
| 01/25/24 | Date of Power of Attorney grant by Nick Rosenberg |
| 02/24/2021 | Date of restricted stock units grant that vest at a rate of 33.3% per year commencing on March 1, 2022 |
| 02/23/2022 | Date of restricted stock units grant that vest at a rate of 33.3% per year commencing on March 1, 2023 |
| 03/01/2023 | Date of restricted stock units grant that vest at a rate of 33.3% per year commencing on March 1, 2024 |
| 03/01/2024 | Date of stock acquisition and disposal by Nick Rosenberg |
| 03/01/2025 | Commencement date for vesting of restricted stock units granted on March 1, 2024 |
| 03/05/2024 | Date of Form 4 filing |
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