DeFazio Mark R 4

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.