DeFazio Mark R 4
4 · Metropolitan Bank Holding Corp. · Filed Mar 30, 2026
Research Summary
AI-generated summary of this filing
MCB CEO Mark R. DeFazio Sells 6,050 Shares for Tax Withholding
What Happened
Mark R. DeFazio, President, CEO and a director of Metropolitan Bank Holding Corp. (MCB), had 6,050 shares withheld by the company to satisfy tax withholding obligations upon delivery of previously granted shares. The withholding is reported as a disposition of 6,050 shares at $80.65 per share, for a total value of $487,933. This was a tax-withholding event (transaction code F), not an open-market sale intended as an investment decision.
Key Details
- Transaction date: March 28, 2026; Filing date: March 30, 2026 (filed timely).
- Reported disposition: 6,050 shares @ $80.65 = $487,933.
- Transaction code: F (shares withheld to cover tax withholding).
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnote F1: Company withheld 6,050 shares to satisfy the reporting person’s tax withholding obligations upon delivery of previously disclosed granted shares.
- Footnotes F2–F8: Describe various restricted stock unit (RSU) grants and vesting schedules (grants from 2024–2026 with staggered/ performance-based vesting dates) that relate to the reporting person’s equity awards.
Context
Withholding shares to cover taxes on vested awards is a routine administrative transaction and is reported as a disposition but does not necessarily reflect a change in the insider’s investment view. This was not a cash market sale; it was a company withholding to satisfy tax obligations on grants/RSUs.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3][F4][F5][F6][F7][F8]2026-03-28$80.65/sh−6,050$487,933→ 150,583 total
- 5,882(indirect: By LLC)
Common Stock
- 3,603.936(indirect: By 401(k))
Common Stock
Footnotes (8)
- [F1]Upon delivery to the Reporting Person of certain shares of common stock that were previously disclosed as having been granted, 6,050 shares were withheld by Metropolitan Bank Holding Corp. in respect of tax withholding obligations.
- [F2]Includes restricted stock units granted on March 26, 2025, subject to certain performance criteria, that vest at a rate of 33.3% per year commencing on March 28, 2026.
- [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 February 28, 2027.
- [F6]Includes restricted stock units granted on March 2, 2026 that vest at a rate of 33.3% per year commencing on March 2, 2027.
- [F7]Includes restricted stock units granted on March 2, 2026 that vest 100% commencing on March 2, 2027.
- [F8]Includes restricted stock units granted on March 26, 2025, subject to certain performance criteria, that vest at a rate of 33.3% per year commencing on March 26, 2026.