Metropolitan Bank (MCB) director updates Form 4 to correct share totals
Rhea-AI Filing Summary
Metropolitan Bank Holding Corp. director filed an amended Form 4 to correct previously reported share ownership. The original filing said the director held 86,740 common shares directly and 14,445 shares indirectly. The amendment clarifies the director actually owned 101,185 common shares directly and 0 shares indirectly after the reported transactions.
The directly owned amount includes restricted stock units that vest 100% on January 23, 2027. Indirect holdings previously attributed to a profit sharing plan are now shown as zero, so all reported beneficial ownership following those transactions is direct.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
PATENT ROBERT C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 101,185 shares (Direct);
Common Stock — 0 shares (Indirect, By Profit Sharing Plan)
Footnotes (2)
- F1. On January 26, 2026, the Reporting Person filed a Form 4 (the "Original Form 4") which inadvertently reported that, following the transactions described therein, the Reporting Person directly owned 86,740 shares of Metropolitan Bank Holding Corp. common stock ("Common Stock") and indirectly owned 14,445 shares of Common Stock. In fact, as reported in this amendment, the Reporting Person directly owned 101,185 shares of Common Stock and indirectly owned 0 shares of Common Stock following the transactions reported on the Original Form 4.
- F2. Includes restricted stock units that vest 100% on January 23, 2027.
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FAQ
What does the amended Form 4 for MCB disclose?
The amended Form 4 corrects a prior ownership report. It states the Metropolitan Bank Holding Corp. director actually held 101,185 common shares directly and zero shares indirectly after the transactions, instead of 86,740 direct and 14,445 indirect shares previously reported.
What happened to the director’s indirect MCB holdings by profit sharing plan?
The amended disclosure shows zero shares held indirectly by a profit sharing plan after the reported transactions. Earlier, 14,445 shares were described as indirectly owned. The correction reclassifies the director’s beneficial ownership so that all reported shares are held directly instead.
Do the reported MCB holdings include restricted stock units (RSUs)?
Yes. The 101,185 directly owned Metropolitan Bank common shares include restricted stock units. These RSUs are scheduled to vest 100% on January 23, 2027, and are counted within the director’s beneficial ownership as part of the total direct position.
What is the earliest transaction date referenced in this MCB Form 4/A?
The earliest transaction date referenced is January 22, 2026. The amendment does not change those transactions but corrects the post-transaction ownership amounts, updating the director’s holdings to 101,185 directly owned shares and no indirectly owned shares.