MCB (MCB) CEO logs stock awards and tax withholding share disposition
Rhea-AI Filing Summary
Metropolitan Bank Holding Corp. President and CEO Mark R. DeFazio reported several equity compensation movements in common stock. On February 27, 2026, he acquired 35,205 shares through the earning of performance-based restricted stock units, bringing his direct holdings to 129,390 shares.
On March 2, 2026, he received additional stock awards of 6,688 and 30,000 shares at no cost, reflecting new restricted stock unit grants and vesting schedules that generally vest in thirds annually or 100% after one year. In connection with share delivery, 9,445 shares were disposed of at $84.15 per share to satisfy tax withholding obligations, a non–open-market transaction. He also reports indirect holdings through an LLC and a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
DeFazio Mark R
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,688 | $0.00 | -- |
| Grant/Award | Common Stock | 30,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,445 | $84.15 | $795K |
| Grant/Award | Common Stock | 35,205 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 136,078 shares (Direct);
Common Stock — 5,882 shares (Indirect, By LLC)
Footnotes (1)
- On March 26, 2025, the Reporting Person was granted 35,205 restricted stock units which were to vest, if at all, subject to the satisfaction of certain performance criteria for the fiscal year ended December 31, 2025. On February 27, 2026, the Compensation Committee of the Board of Directors of Metropolitan Bank Holding Corp. (the "Issuer") determined that such performance criteria were met, resulting in the Reporting Person earning 35,205 restricted stock units, which vest 33.3% per year commencing on March 26, 2026. Includes restricted stock units granted on March 1, 2024 that vest at a rate of 33.3% per year commencing on March 1, 2025. Includes restricted stock units granted on March 1, 2025 that vest at a rate of 33.3% per year commencing on March 1, 2026. 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. Restricted stock units granted on March 2, 2026 that vest at a rate of 33.3% per year commencing on March 2, 2027. 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. Restricted stock units granted on March 2, 2026 that vest 100% on March 2, 2027. Includes restricted stock units granted on March 2, 2026 that vest at a rate of 33.3% per year commencing on March 2, 2027. Upon delivery to the Reporting Person of certain shares of common stock that were previously disclosed as having been granted, 9,445 shares were withheld by the Issuer in respect of tax withholding obligations. Includes restricted stock units granted on March 2, 2026 that vest 100% commencing on March 2, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did MCB CEO Mark R. DeFazio report?
Mark R. DeFazio reported equity compensation activity, including grants and vesting of restricted stock units and a related tax-withholding share disposition. These transactions increased his direct common stock ownership while using 9,445 shares to cover tax obligations tied to previously granted awards.
Were any of the MCB CEO’s transactions open-market buys or sells?
None of the reported transactions were open-market buys or sells. The filing shows stock grants and vesting of restricted stock units, with a Form F code disposition of 9,445 shares solely to satisfy tax withholding obligations upon share delivery.
How do the new restricted stock units for MCB’s CEO vest over time?
The filing describes multiple restricted stock unit grants that generally vest 33.3% per year, starting on specific dates such as March 1 or March 2, 2025–2027. Some awards instead vest 100% on a single future date like March 2, 2027, subject to performance or service conditions.
Does the MCB CEO hold any indirect ownership in company stock?
Yes. In addition to direct holdings, the CEO reports indirect ownership through an LLC and a 401(k) plan. The filing lists 5,882 shares held via an LLC and 3,598.349 shares through a 401(k), reflecting beneficial interests outside his directly registered holdings.