Metropolitan Bank (MCB) Insider Sale: 5,000 Shares Disclosed
Rhea-AI Filing Summary
Robert C. Patent, a director of Metropolitan Bank Holding Corp. (MCB), reported a sale of 5,000 shares of the issuer's common stock on 08/19/2025 at a weighted-average price of $72.7460 per share. After the reported transaction, the reporting person directly beneficially owns 103,685 shares.
The filing also shows indirect holdings of 32,882 shares via a sibling (over which the reporting person holds a power of attorney but disclaims beneficial ownership) and 14,445 shares held indirectly through a profit sharing plan. The report notes restricted stock units that vest 100% on January 27, 2026. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 08/21/2025.
Positive
- Insider sale disclosed transparently with transaction date and weighted-average price provided
- Restricted stock units disclosed with clear vesting date of January 27, 2026
- Power of attorney and beneficial ownership distinctions are explicitly stated for indirect holdings
Negative
- None.
Insights
TL;DR: Routine director sale disclosed; no evidence in this filing of a material change to company fundamentals.
The Form 4 documents a single director sale of 5,000 common shares at a weighted-average price of $72.7460 on 08/19/2025, leaving the reporting person with 103,685 direct shares and additional indirect holdings. This report is a standard Section 16 disclosure and does not include transaction types or volumes that, by themselves, indicate a material shift in company operations or capital structure.
TL;DR: Filing demonstrates compliance with insider reporting rules and notes power-of-attorney disclosure for sibling-held shares.
The submission includes appropriate disclosures: transaction date, weighted-average sale price, direct and indirect ownership details, and RSU vesting information. The statement that the reporting person disclaims beneficial ownership of sibling-held shares but retains voting authority via power of attorney is a governance detail investors may note for voting and control considerations.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $72.746 | $364K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The $72.7460 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.7033 to $72.805, inclusive. The Reporting Person undertakes to provide to Metropolitan Bank Holding Corp., any security holder of Metropolitan Bank Holding Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Footnote 1. Includes restricted stock units that vest 100% on January 27, 2026. The Reporting Person maintains a power of attorney granted by the Reporting Person's sibling with respect to these shares, including voting power over the shares. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
