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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Metropolitan Bank Holding Corp | NYSE:MCB | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-1.48 | -3.67% | 38.88 | 39.60 | 38.6515 | 39.54 | 64,173 | 22:39:55 |
FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Metropolitan Bank Holding Corp. [ MCB ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/29/2024 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 02/29/2024 | A | 10,000(1) | A | $0.00 | 63,374(2)(3) | D | |||
Common Stock | 02/29/2024 | F(4) | 13,465(5) | D | $40.82 | 49,909(2)(3) | D | |||
Common Stock | 03/01/2024 | A | 11,199(6) | A | $0.00 | 61,108(2)(3) | D | |||
Common Stock | 03/01/2024 | F(4) | 3,026(7) | D | $38 | 58,082(2)(3) | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. On May 3, 2021, the Reporting Person was granted 30,000 restricted stock units (the "2021 RSUs") which were to vest, if at all, subject to the satisfaction of certain performance criteria. The performance criteria for the fiscal year ended December 31, 2023 (the third and final tranche of the 2021 RSUs) were met, resulting in the vesting of 10,000 restricted stock units. |
2. Includes restricted stock units granted on February 24, 2022 that vest at a rate of 33.3% per year commencing on March 1, 2023. |
3. Includes restricted stock units granted on March 1, 2023 that vest at a rate of 33.3% per year commencing on March 1, 2024. |
4. These shares of common stock were not sold in an open-market transaction. |
5. Upon delivery of the shares of Metropolitan Bank Holding Corp. (the "Company") common stock underlying the 2021 RSUs to the Reporting Person, 13,465 shares were withheld by the Company to pay tax withholding obligations. |
6. Restricted stock units granted on March 1, 2024 that vest at a rate of 33.3% per year commencing on March 1, 2025. |
7. Upon delivery to the Reporting Person of certain shares of common stock that were previously disclosed as having been granted, 3,026 shares were withheld by the Company in respect of tax withholding obligations. |
Remarks: |
Exhibit List - Exhibit 24 - Power of Attorney |
/s/ Frederik Erikson, pursuant to power of attorney | 03/04/2024 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |
Exhibit 24
POWER OF ATTORNEY
The undersigned, Scott Lublin, Executive Vice President and Chief Lending Officer of Metropolitan Bank Holding Corp. (the "Corporation"), hereby authorizes and designates each of Dixiana M. Berrios, Mark R. DeFazio, Frederik Erikson, Daniel Dougherty, and David Bonnar as the undersigned's agent and attorney-in-fact, with each acting singly and with full power of substitution, to:
(1) | Prepare and sign on behalf of the undersigned, in the undersigned's capacity as an officer or director or both of the Corporation, any Form ID, Form 3, Form 4 or Form 5 (and any amendments thereto) under Section 16 of the Securities Exchange Act of1934, as amended (the "Exchange Act") and the rules thereunder, with respect to the Corporation's securities and file the same with the Securities and Exchange Commission; and |
(2) | Take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by or for, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such information and disclosure as such attorney-in-fact may approve in such attorney-in-fact's discretion. |
The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever required, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted.
The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request and on the behalf of the undersigned, are not assuming, nor is the Corporation assuming, any of the undersigned's responsibilities to comply with, or any liability for the failure to comply with, Section 16 of the Exchange Act.
This Power of Attorney shall remain in effect until the undersigned is no longer required to file Forms 3, 4, or 5 with respect to the undersigned's holdings of and transactions in securities issued by the Corporation, unless earlier revoked by the undersigned in a signed and dated writing delivered to each of the foregoing attorneys-in-fact or by a new Powe of Attorney reg ding the purposes outlined herein dated as of a later date.
Date: 01/23/24 | By: | /s/ Scott Lublin |
Scott Lublin |
Exhibit 24
POWER OF ATTORNEY
The undersigned, Scott Lublin, Executive Vice President and Chief Lending Officer of Metropolitan Bank Holding Corp. (the "Corporation"), hereby authorizes and designates each of Dixiana M. Berrios, Mark R. DeFazio, Frederik Erikson, Daniel Dougherty, and David Bonnar as the undersigned's agent and attorney-in-fact, with each acting singly and with full power of substitution, to:
(1) | Prepare and sign on behalf of the undersigned, in the undersigned's capacity as an officer or director or both of the Corporation, any Form ID, Form 3, Form 4 or Form 5 (and any amendments thereto) under Section 16 of the Securities Exchange Act of1934, as amended (the "Exchange Act") and the rules thereunder, with respect to the Corporation's securities and file the same with the Securities and Exchange Commission; and |
(2) | Take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by or for, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such information and disclosure as such attorney-in-fact may approve in such attorney-in-fact's discretion. |
The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever required, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted.
The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request and on the behalf of the undersigned, are not assuming, nor is the Corporation assuming, any of the undersigned's responsibilities to comply with, or any liability for the failure to comply with, Section 16 of the Exchange Act.
This Power of Attorney shall remain in effect until the undersigned is no longer required to file Forms 3, 4, or 5 with respect to the undersigned's holdings of and transactions in securities issued by the Corporation, unless earlier revoked by the undersigned in a signed and dated writing delivered to each of the foregoing attorneys-in-fact or by a new Powe of Attorney reg ding the purposes outlined herein dated as of a later date.
Date: 01/23/24 | By: | /s/ Scott Lublin |
Scott Lublin |
1 Year Metropolitan Bank Chart |
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