Metropolitan Bank director to sell 2,000 shares
A Metropolitan Bank Holding Corp. director filed a Rule 144 notice to resell 2,000 shares of common stock previously received as compensation.
Rhea-AI Filing Summary
Metropolitan Bank Holding Corp. (MCB) has a director, Dale C. Fredston, filing a notice of proposed sale of common stock under Rule 144. The filing lists up to 2,000 shares of common stock to be sold through Fidelity Brokerage Services LLC on the NYSE, with an indicated aggregate market value of $178,640.00 as of September 17, 2026. These shares were acquired from the issuer on January 27, 2025 as payment for services rendered classified as compensation.
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Key Figures
Shares proposed to be sold: 2,000 shares of common stock
Aggregate market value: $178,640.00
Planned sale date reference: September 17, 2026
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4 metrics
Shares proposed to be sold
2,000 shares of common stock
Maximum amount of Metropolitan Bank Holding Corp. common stock covered by the Rule 144 notice
Aggregate market value
$178,640.00
Market value stated for the 2,000 shares as of September 17, 2026
Planned sale date reference
September 17, 2026
Date associated with the proposed sale and market value entry
Acquisition date of shares
January 27, 2025
Date the 2,000 shares were received as payment for services rendered
Key Terms
Rule 144, Payment For Services Rendered, attorney-in-fact
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Payment For Services Rendered financial
"Common | 01/27/2025 | Payment For Services Rendered | ISSUER"
attorney-in-fact regulatory
"as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Fredston Dale C"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 144 filing disclose for Metropolitan Bank Holding Corp. (MCB)?
The Form 144 discloses that director Dale C. Fredston intends to sell up to 2,000 shares of Metropolitan Bank Holding Corp. common stock under Rule 144, through Fidelity Brokerage Services LLC, with an indicated aggregate market value of $178,640.00 as of September 17, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.