DeFazio Mark R 4
4 · Metropolitan Bank Holding Corp. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Metropolitan Bank (MCB) CEO Mark DeFazio Buys 5,882 Shares
What Happened
Mark R. DeFazio, President, CEO and a Director of Metropolitan Bank Holding Corp. (MCB), purchased 5,882 shares of the company's common stock in a firm-commitment public offering. The shares were bought at the public offering price of $85.00 per share for a total cost of $499,970. The purchase was made in connection with an underwriting agreement; the Offering closed on February 27, 2026.
Key Details
- Transaction date (period of report): February 25, 2026; Form 4 filed February 27, 2026 (timely filing).
- Price: $85.00 per share; Total value: $499,970.
- Shares acquired: 5,882 (purchase in the underwritten public offering).
- Shares owned after transaction: Not specified in the filing.
- Footnote highlights:
- F1: Purchase made under the underwriting agreement for the public offering that closed Feb 27, 2026.
- F2–F5: Reporting person’s beneficial ownership calculation includes restricted stock units (RSUs) from grants on Mar 1, 2023; Mar 1, 2024; Mar 1, 2025; and May 30, 2024 with various vesting schedules.
- No indication this was a sale, gift, or option exercise.
Context
This was a direct purchase in the company’s public offering (buying at the offering price), which is a straightforward acquisition rather than a market open-market buy or an option exercise. Purchases by executives are often watched by investors as a sign of insider buying, but filings are factual and do not state motives.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-25$85.00/sh+5,882$499,970→ 5,882 total(indirect: By LLC)
- 94,185
Common Stock
[F2][F3][F4][F5] - 3,598.349(indirect: By 401(k))
Common Stock
Footnotes (5)
- [F1]On February 25, 2026, Metropolitan Bank Holding Corp. (the "Issuer") entered into an underwriting agreement in connection with a firm commitment underwritten public offering (the "Offering"), which closed on February 27, 2026. The Reporting Person purchased 5,882 shares of the Issuer's common stock in the Offering at the public offering price of $85.00 per share.
- [F2]Includes restricted stock units granted on March 1, 2023 that vest at a rate of 33.3% per year commencing on March 1, 2024.
- [F3]Includes restricted stock units granted on March 1, 2024 that vest at a rate of 33.3% per year commencing on March 1, 2025.
- [F4]Includes restricted stock units granted on March 1, 2025 that vest at a rate of 33.3% per year commencing on March 1, 2026.
- [F5]Includes restricted stock units granted on May 30, 2024, subject to certain performance criteria, that vest at a rate of 33.3% per year commencing on June 1, 2025. The remaining restricted stock units of this award will vest 1/3 on each of February 28, 2026 and 2027.